Tag: underwater mortgages
East Bay city needs partner to go ahead with plan to use eminent domain to get mortgage relief.
A split City Council moves ahead with plan to seize underwater mortgages to force better loan terms.
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 […]