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Underwater Mortgage Plan: Will it Sink or Swim?
It has been several months since we last reported on the scheme to use eminent domain to seize “underwater” mortgages in various places around the country. It appeared that the idea died out earlier...
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New Jersey Dipping Its Toes Into Underwater Mortgage Pool?
This week, two separate New Jersey related stories surfaced regarding the potential use of eminent domain to seize “underwater” mortgages. First, the city of Newark has indicated that it will begin...
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