More Reports on San Bernardino's Decision to Abandon Underwater Mortgage Eminent Domain Plan

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Given how much publicity the proposal to condemn underwater mortgages received when it first appeared last summer, I suppose it's not surprising that San Bernardino's decision last week not to move forward has also garnered a lot of attention.  Still, it's been hard to keep up with the many articles on the subject these past few days. 

If you're trying to keep up as well, here are a number of pieces published over the last few days:

There's also apparently an article coming out in the February 4 New Yorker about the issue.  I don't subscribe so I can't access the entire thing, but here's a link to the abstract of the piece by Tad Friend, apparently entitled Can an entrepreneur’s audacious plan fix the mortgage mess? 

Happy Reading!

 

Topics:  Condemnation, Eminent Domain, Fifth Amendment, Mortgages, Underwater Homeowners

Published In: Administrative Agency Updates, Constitutional Law Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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