Calif. city advances eminent domain plan to halt foreclosures

07/30/2013 | New York Times (tiered subscription model), The

Richmond, Calif., is moving ahead as the first municipality in the nation to use eminent domain to keep struggling homeowners in their homes. The city, where about half of homeowners are underwater on their mortgages, this week sent letters to owners and servicers offering to buy 626 underwater loans. The offers are the first step in the eminent domain process. Finance industry groups say the use of eminent domain for mortgages is unconstitutional.

View Full Article in:

New York Times (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Press Secretary
Aerospace Industries Association
Arlington, VA
Global Quality Assurance Engineer, Software #514021
LORD Corporation
Cary, NC
Sr. Certification Engineer #514049
LORD Corporation
Cary, NC
Development Director
Equality Pennsylvania
Philadelphia, PA
Director of Government, Community, and Media Relations
Union Community Health Center, Inc.
Bronx, NY