San Bernardino County residents push back against eminent domain

Housing Wire: San Bernardino County Residents Push Back Against Eminent Domain Local residents and mortgage finance experts lined up at a San Bernardino County hearing Thursday to push back against the idea of seizing underwater mortgages through eminent domain. The county set up a special authority committee to consider ideas for addressing.

San Bernadino County won't use eminent domain to seize. – San Bernardino County and two of its cities have decided not to pursue a proposal to use eminent domain to seize underwater mortgages from mortgage-backed securities and write down the principal.

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