Finding a fix for foreclosure mess

Finding a fix for foreclosure mess

There are 1 comment on the Inland Valley Daily Bulletin story from Sep 15, 2012, titled Finding a fix for foreclosure mess. In it, Inland Valley Daily Bulletin reports that:

A San Francisco investment firm is poised to take on Wall Street and the mortgage industry with an unprecedented proposal to have local government use eminent domain to acquire underwater mortgages.

Join the discussion below, or Read more at Inland Valley Daily Bulletin.

Bob Burns

Kunming, China

#1 Sep 16, 2012
And the local govts will borrow money, at taxpayers expense, to pay off the mortgage and the compensation due upon eminent domain confiscation?

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