Donate

Tag: eminent domain

San Francisco Weighs Joining Richmond to Help ‘Underwater’ Homeowners

July 10, 2014 | 8:50 am

San Francisco Weighs Joining Richmond to Help ‘Underwater’ Homeowners

Posted by

East Bay city needs partner to go ahead with plan to use eminent domain to get mortgage relief.

Continue Reading

How Mortgages Were Picked for Richmond’s Eminent Domain List

September 14, 2013 | 4:54 pm

How Mortgages Were Picked for Richmond’s Eminent Domain List

Posted by

The city targeted the owner-occupied properties of its most vulnerable residents.

Continue Reading

Richmond Takes Next Step in Eminent Domain Mortgage Plan

September 11, 2013 | 9:40 am

Richmond Takes Next Step in Eminent Domain Mortgage Plan

Posted by

A split City Council moves ahead with plan to seize underwater mortgages to force better loan terms.

Continue Reading

City of Richmond to Fight Lawsuit Over Eminent Domain Plans

August 9, 2013 | 9:52 am

City of Richmond to Fight Lawsuit Over Eminent Domain Plans

Posted by

The City of Richmond is preparing to fight a lawsuit over its plans to save more than 600 homes with troubled mortgages by taking them through eminent domain. The law firm Ropes & Gray filed the suit in federal court in San Francisco Wednesday on behalf of Wells Fargo and Deutsche Bank, calling the city’s […]

Continue Reading

Controversial Mortgage Bailout Plan Relies on Eminent Domain Seizures

July 17, 2012 | 10:33 am

Controversial Mortgage Bailout Plan Relies on Eminent Domain Seizures

Posted by

By Matt Smith, The Bay Citizen Former San Francisco Mayor Willie Brown and a longtime business partner are among investors in a company drawing criticism for working with local government officials to take over and discount underwater mortgages. The plan gained impetus last month, when officials in San Bernardino County formed a joint powers authority to […]

Continue Reading