August 2012

Recycling At Risk PUDs with SSA Bonds through use of Eminent Domain

Attorney: 

There has been significant publicity recently about a plan being considered in San Bernardino County, Ca. to condemn “under water” mortgages on single family homes and refinance the mortgagors into non-under water loans, thus bailing out the affected home owners (the “Mortgage Condemnation Plan”). The Mortgage Condemnation Plan is also being considered by the...

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