CA Eminent Domain Proposal Causes Stir

San Bernardino, Ontario, and Fontana (California) have come up with a way to help their current homeowners who are underwater, but the banks are fuming at the idea. 

Utilizing the power of Eminent Domain to take mortgages away from lenders and re-work (modification) with them homeowner.

To read more on this story click here: 

Proposal to Seize Underwater Mortgages via Eminent Domain not Well Received

The program is still in its initial stages and will be worked out in public...stay tuned for updates!

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