A City’s Plan to Help Homeowners Starts a Battle with Banksi
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    September 20, 2013 12:30 AM
    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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