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Tag: underwater mortgages

Richmond Takes Next Step in Eminent Domain Mortgage Plan

September 11, 2013 | 9:40 am

Richmond Takes Next Step in Eminent Domain Mortgage Plan

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

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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

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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 […]

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