Relevant:
- Mortgage investors' inevitable constitutional challenge to eminent domain
- Seize the loans of belly-up homes
- San Bernardino Eminent Domain Proposal Arousing Concern From Mortgage Industry
- California lawmaker introduces bill to stop eminent domain nationally
- Eminent Domain to Stop Foreclosure: Clever, but Not the Only Solution
2012-07-28 — housingwire.com
According to a city council document, Chicago Alderman Edward Burke, chairman of the city finance committee sees a chance the idea could clear legal hurdles.
"Legal experts have opined that government entities may use eminent domain to acquire mortgages so long as certain legal standards are met," according to the document.
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