Hesperia considers using eminent domain on underwater mortgages

There are 1 comment on the Jun 4, 2012, Victorville Daily Press story titled Hesperia considers using eminent domain on underwater mortgages. In it, Victorville Daily Press reports that:

HESPERIA Eminent domain is normally used to seize property in the public's interest - but soon, it could be used to acquire the mortgages of Hesperia homeowners who owe more than their properties are worth.

Join the discussion below, or Read more at Victorville Daily Press.

W D Tate

Pomona, CA

#1 Jun 5, 2012
This is inane- an absolute violation of free market and an intrusion on to private property rights- so let's help out hose who couldn't help themselves while the rest of us schmucks, doing what we cna to pay up- struggle to pay mortgages as we promised to do-
Your home was not an investment- it was a home- a place to raise your family, your place- stability, not flip and turn-
Let the cards lay where they may but do not continue this insanity- Back off Hesperia!

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