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Lawmakers blast eminent domain moves

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Mortgage Professional America | 04 Dec 2013, 05:33 AM Agree 0
A group of U.S. senators has asked the Department of Housing and Urban Development to use its authority to stall the plans of some cities to use eminent domain to seize underwater mortgages
  • Dan | | 05 Dec 2013, 06:41 AM Agree 0
    A large part of the problem associated with upside down mortgages was the "Bidding Wars" that took place during the real estate frenzy prior to financial meltdown. Buyers didn't hesitate to pluck down thousands of dollars over and above the value homes were appraised for. The sand states were notorious for this type of behavior by the buyers which is never talked about.
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