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 »
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 »