Alexandria City Council voted to oppose an amendment to the state’s eminent domain law last week following a discussion of its list of 2012 legislative package proposals with Dels.
A city of 105,000 persons near San Francisco, Calif., has become the first municipality in the nation to approve seizing "underwater" mortgages. The Richmond City Council approved the measure in September on a 4-3 vote. Under eminent domain, a government may seize property for a public purpose.
Wells economist: Foreclosure supply points to ‘long, arduous’ recovery The recovery in the housing market is at risk of collapsing. Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go up after next week, when.
The proposal would have the City of Richmond acquire more than 600 underwater mortgages at fair market value, possibly using eminent domain powers if creditors refuse to sell. Usually, eminent domain powers are only used by governments to seize properties that stand in the way of planned roadways or other infrastructure projects.
A Jersey City councilman is calling on Mayor Steve Fulop to halt the sale of city property seized by the previous administration via eminent domain. storage facility. The council is scheduled to.
The city of Richmond, dominated by a giant. with an innovative application of eminent domain, incurring the wrath of both big banks and the Federal Housing Finance Agency (FHA). The council fell a.
RICHMOND (AP) – A San Francisco Bay Area city voted Wednesday to try to expand a first-in-the-nation plan to use its power of eminent domain to seize hundreds of mortgages that exceed the value.
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Richmond, a refinery town of about 106,000 east of San Francisco, is among U.S. cities considering the proposal advocated. too soon because the city council has yet to vote on whether to acquire.
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Gayle McLaughlin (born 1952) is an American politician from Richmond, California.She was first elected to the Richmond City Council in 2004 when she was a member of the Green Party of California.She won two consecutive four-year terms as the city’s mayor in 2006 and 2010. After reaching the mayoral term limit, she won re-election to the City Council in 2014.
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Richmond, CA Holds Meeting on Eminent Domain Mortgage Seizure Proposal, While Other West Coast Cities Review Proposal logistics late wednesday night, after nearly seven hours of debate, the Richmond, California City Council voted on three different eminent domain mortgage seizure resolutions that had been proposed for their meeting .