Follow Up: Eminent Domain for Condeming Underwater Mortgages, 6/27/12
By A.J. Hazarabedian In a recent post, we talked about the City of Hesperia voting on whether or not to join a Joint Powers Authority to begin acquiring underwater mortgages by eminent domain in an attempt to help homeowners. Since our post, more information has been revealed providing the logistics to this interesting proposal. A… Read more »
Restaurant Owner in Riverside Suing the City for Lost Business Revenue, 6/7/12
By A.J. Hazarabedian A restaurant owner in the City of Riverside is suing the city for lost business revenue after a relocation deal never came to fruition. In the Press Enterprise article, “Restaurant owner sues after relocation deal fizzles,” Lucky Greek restaurant owner Tony Georgopoulos argues that his business has been negatively affected by the… Read more »
City of Hesperia May Use Eminent Domain to Acquire Mortgages, 6/7/12
By A.J. Hazarabedian The City of Hesperia is considering an interesting use of eminent domain during its upcoming City Council meeting. The Victorville Daily Press reported this week that the City may decide to use eminent domain to acquire underwater mortgages in an attempt to help homeowners. As the article describes, the City will discuss… Read more »