A City’s Plan to Help Homeowners Starts a Battle with Banksi
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September 20, 2013
Many homeowners in the city of Richmond, California, owe more for their houses than the properties are currently worth. City officials want to use the power of eminent domain to buy those home loans from banks at current, and lower, market prices.

A City’s Plan to Help Homeowners Starts a Battle with Banks

Published September 20, 2013

Many homeowners in the city of Richmond, California, owe more for their houses than the properties are currently worth. City officials want to use the power of eminent domain to buy those home loans from banks at current, and lower, market prices.


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September 26, 2013 8:29 AM
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