Articles Tagged with eminent domain

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Eminent domain often gets a bad rap, sometimes for good reasons, but … would you consider this creative idea?

“Housing’s Last Chance?” by Joe Nocera, New York Times, July 9, 2012

“.… It has also been clear for some time that the best way to keep troubled homeowners in their homes is by reducing the principal on their mortgages, thus lowering their debt burden and more closely aligning their mortgage with the actual value of the home.