Richmond, Calif., may use eminent domain to seize mortgages.



RICHMOND, CA – APRIL 06: A boarded up home is seen on April 6, 2011 in Richmond, California. The California Housing Finance Agency is expanding its $2 billion foreclosure relief initiative that will now help those who refinanced or took out home equity lines of credit. The agency’s largest program offers $875 million in temporary financial help to people who have lost their jobs or had pay reductions and will provide up to $3,000 a month for six months to cover mortgatge payments and related costs. (Photo by Justin Sullivan/Getty Images) ** TCN OUT **

About Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

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