Eminent Domain

Eminent Domain Foreclosures Return
   Pomona, CA could become the first community to test a new concept of using eminent domain power to prevent foreclosures. The idea bounced around from coast to coast for more than a year before finding a taker. San Bernardino County, CA officials mulled the offer from Mortgage Resolution Partners for several months before passing
posted 5/17/13 09:48 AM  read complete story

Eminent Domain Mortgages Return
   After months of rejections and pressure on local governments from the banking and mortgage industries to ignore overtures, the concept of using the power of eminent domain to rescue troubled home mortgages is back on track. San Francisco-based Mortgage Resolution Partners has signed agreements with five California towns to begin negotiating
posted 4/19/13 09:15 AM  read complete story

Surge In Eminent Domain Legislation
   Lawmakers in three states confront the political vagaries of eminent domain law as the new legislative sessions begin. Idaho, Montana and North Carolina launch their efforts eight years after the U.S. Supreme Court in Kelo v. New London upended decades of legal precedent by allowing government to seize private property for private profit and
posted 2/8/13 10:45 AM  read complete story

Eminent Domain Strategy Scrapped
   Using the power of eminent domain to rescue troubled home mortgages isn’t feasible considering the legal and other risks involved, officials in San Bernardino County, CA conclude. The county and two of its cities clobbered by foreclosures -- Fontana and Ontario -- wanted to use the property seizure law to obtain troubled mortgages, reduce the
posted 1/29/13 5:36 PM  read complete story

New Push For Eminent Domain Mortgage Rescue
   With the 2012 elections past and the Obama administration ensconced in the White House for a new term, the effort to apply the eminent domain concept to rescued troubled mortgages and keep homeowners in their homes gets a fresh boost in the community where it all began a year ago.
posted 1/24/13 6:55 PM  read complete story

Eminent Domain As Mortgage Rescue Debated
   A panel of housing and finance experts sponsored by the Washington, DC-based Center for American Progress weighed in on the merits of restructuring underwater mortgages through the use of eminent domain. The concept surfaced last year in California and drew immediate scrutiny across the country.
posted 1/18/13 09:22 AM  read complete story

New Attention For Mortgage Rescue Concept
   Following the lead of some California communities and other cities such as Chicago struggling with the fallout from the housing crisis, Brockton, MA officials are considering the use of eminent domain to seize underwater mortgages from banks and modify them for troubled homeowners.
posted 1/11/13 09:15 AM  read complete story

City Girds For Eminent Domain Battle
   A plan to revitalize downtown Holyoke, MA by seizing private property parcels for a private developer under eminent domain law sets the stage for a new court test of property rights. City planners unveil the blueprint to residents of the 749-acre project by declaring the four
posted 11/9/12 11:46 AM  read complete story

Virginia Tightens Eminent Domain
   Almost three quarters of Virginia voters decide to place strong clamps on how far the state and its local governments can go to seize private property under eminent domain.
posted 11/7/12 4:56 PM  read complete story

Foreclosure Eminent Domain Loses Steam
   A move initiated by San Bernardino County, CA earlier this year to use eminent domain law to rescue foreclosure-threatened families may be losing interest among its backers. The Homeownership Protection Program Joint Powers Authority, a blue-ribbon panel charged with developing a strategy for the county and two municipalities, failed to
posted 10/26/12 11:35 AM  read complete story