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Tag: Underwater Mortgages


The Stone That Brings Down Goliath? Richmond and Eminent Domain

Gayle McLaughlin, the bold mayor of Richmond, California, has gone where no woman dared go before, threatening to take underwater mortgages by eminent domain from Wall Street banks and renegotiate them on behalf of beleaguered homeowners.

Posted on Mar 3, 2014 READ MORE


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