Tag: mortgage
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A Tale of Two (or more) Cities: Can the Government Use Eminent Domain to Save Homeowners from Drowning In Loan Debt?
This is a loaded and, to date, not a fully answered question. However, the idea has support from a Cornell University Law Professor and at least two cities within the last year, Irvington, New Jersey and Richmond, California, have considered implementing such a plan. Irvington, New Jersey and Richmond, California could not be much further apart geographically, but…