Wednesday 4th December
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BREAKING NEWS: Newark Votes, Approves Use of Eminent Domain to Fight Foreclosures”“First Domino Falls
Written on 30 May, 2014 at 20:17
The program would allow homeowners trapped in certain type of mortgage, known as a Private Label Security or PLS Loans, to voluntarily participate in a program where the City purchases these mortgages from investors and repackages them at terms homeowners... (Continue reading)
House committee votes to prohibit FHA from financing homes taken using eminent domain
Written on 25 May, 2014 at 7:17
So, if you take the property legally, you cannot use FHA... but if you foreclose illegally and sell it to a bona fide third party, that buyer certainly can use FHA. And if that makes any sense whatsoever to... (Continue reading)
Mortgage Resolution Partners’ Chairman, Steven Gluckstern Says Eminent Domain Plan will Go Forward – A Mandelman Matters Podcast
Written on 24 Apr, 2014 at 22:14
Steven Gluckstern is the Executive Chairman of Mortgage Resolution Partners ("MRP"), the company that has been advising cities and municipalities all over the country, and most notably Richmond, California, in their use of eminent domain to take over underwater loans... (Continue reading)
Carpe Domum! Foreclosures destroy Richmond, California.
Written on 30 Sep, 2013 at 1:26
Dear Richmond... You're being outright threatened by literally ALL THE MONEY IN THE WORLD, and I don't think there's any question that they will, if nothing else, attempt to force you to drop the whole thing by tying you up... (Continue reading)