underwater mortgages

Business
4:02 pm
Tue September 10, 2013

Professor Proposes Eminent Domain for Underwater Mortgages

Don Ryan, File AP Photos

A Cornell University law professor recommends that Seattle consider using its power of eminent domain to stem the foreclosure crisis. But that idea is controversial, and a California city that said it planned to try using eminent domain for that purpose is now being challenged in court. 

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