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Eminent Domain Municipalities Investors

Dechert LLP

Municipalities Continue to Advance Plans to Use Eminent Domain to Seize Underwater Residential Mortgages

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A number of industry groups1 (the “Industry Groups”) raised concerns recently when Mortgage Resolution Partners (“MRP”) entered into contracts with two additional municipalities to formalize the use of eminent domain programs...more

Dechert LLP

No Marriage for Mortgage Resolution Partners Yet (But Proposal Still Being Considered)

Dechert LLP on

Last summer, we at Crunched Credit wrote (here, here and here) about Mortgage Resolution Partner’s (“MRP”), a San Francisco-based venture-capital firm, proposal whereby underwater performing residential mortgage loans held in...more

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