eminent domain

Banks sue a California city trying to take over underwater mortgages

Aug 8, 2013
Richmond, Calif., is trying to help distressed homeowners by reducing the principal on their mortgages using eminent domain.
Posted In: real estate, housing bubble, eminent domain, Housing, california

California city tries using eminent domain to help underwater homeowners

Aug 8, 2013
Richmond, California is attempting to keep homeowners in their homes by using eminent domain to buy underwater mortgages, and the banks don't like it.
Posted In: foreclosure, underwater mortgage, eminent domain

California's high-speed rail meets opposition over eminent domain

May 28, 2013
Residents of California's Central Valley are trying to stop a high-speed rail system that would connect San Francisco to Los Angeles from cutting through their land.
Posted In: rail, high speed rail, california, eminent domain

Can officials seize mortgages to save homeowners?

Jun 27, 2012
A hard-hit Southern California county is giving serious consideration to a plan to seize troublesome mortgages.
Posted In: Housing, eminent domain, foreclosure

New highway may leave Illinois homeowners in the dust

May 10, 2012
Lawmakers in Illinois are poised to take up a bill to hasten construction on a new expressway. But to get the land for the highway, lawmakers may use a controversial method known as quick-take power.
Posted In: Transportation, eminent domain, Illinois