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Thursday, September 12, 2013

Eminent Domain to Forestall Foreclosures?

3:40 PM
Very interesting news from California on National Public Radio this morning. The City of Richmond is looking at a unique approach to forestall foreclosures by purchasing mortgages on underwater properties using the City's power of eminent domain.


Listen to the story here:
http://www.npr.org/2013/09/12/221636531/calif-city-proposes-unique-plan-to-avoid-foreclosures

Happy Investing!

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