Is Eminent Domain for Underwater Loans Good for Homeowners? A Mandelman Matters Podcast
This is PART 5 of my 5 PART SERIES with Professor Robert Hockett of Cornell University Law School, the man who wrote the plan to use eminent domain to take over underwater loans and write them down for homeowners that started in Richmond in earnest, but is now being considered in one form or another by something like 26 cities across the country.
The eminent domain plan is nothing is not controversial, and it is important to all homeowners because it’s the greatest threat to the status quo we’ve seen since the foreclosure crisis started.
In this 50 minute interview and discussion, we wrap it all up… find out about how other countries have handled the same sort of problems in the past, and we’ll drill down into the details of how Professor Hockett sees it all happening.
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