Relevant:
- San Bernardino Eminent Domain Proposal Arousing Concern From Mortgage Industry
- San Bernardino County abandons eminent domain mortgage plan
- Seize the loans of belly-up homes
- Eminent Domain Part 3 with Cornell Law's Professor Robert Hockett -- A Mandelman Matters Podcast - Mandelman Matters
- San Bernardino's Turns to Public For Foreclosure Answers, Considers Controversial Eminent Domain Plan
2012-09-02 — huffingtonpost.com
``About a dozen communities have voiced some level of interest in the eminent domain plan, including Chicago, Sacramento, New York's Suffolk County and most recently -- according to sources familiar with the discussions -- Detroit. Not coincidentally, these communities have also been particularly hard hit by the housing crisis. In San Bernardino County, more than half of all homeowners are underwater, and the foreclosure rate is three-and-a-half times the national average.
"Everyone here has a friend or a family member who has lost their home to foreclosure," said Greg O'Donnell, the development director at Neighborhood Partnership Housing Services, a housing nonprofit in Ontario, Calif. ''
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