Freddie Mac Mulls Action Against Eminent Domain Plan

The city of Richmond, a working-class suburb on the San Francisco Bay in California, has already begun sending out letters to mortgage companies offering to purchase loans. It’s an attempt to reduce loans for homeowners who currently owe more than their property is worth.

Why Using Eminent Domain To “Fix” Underwater Mortgages Must Be Stopped

Lately a number of local municipal governments in California have been considering a seizure of thousands of properties with underwater mortgages, by utilizing their “police power” known as “Eminent Domain”. But eminent domain was never intended for this purpose.

Ending The Crisis: Foreclosures Condemn All The Properties

The basic idea is to keep people in their homes but use the government power of eminent domain to condemn the properties. Once the properties are condemned

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