Tag: Richmond

Eminent Domain to Sieze Mortgages?

Eminent Domain to Sieze Mortgages?

August 27, 2013

Richmond, California is attempting, in a first-of-its-kind move, to purchase preforeclosure homes from banks and sell them back to the owners at a deep discount. Of course the banks are fighting this and would rather sell it on the open market, even at the risk of crashing the whole city’s economy. So Richmond Mayor Gayle […]

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