Litigation
Aug. 1, 2013
City's plan to seize mortgages could lead to court fights, attorneys say
Lawyers are gearing up to challenge Richmond's controversial plan to seize underwater mortgages through eminent domain, likely putting contentious court battles on the horizon.
Daily Journal Staff Writer
Lawyers are gearing up to challenge a Northern California city's controversial plan to seize underwater mortgages through eminent domain, likely putting contentious court battles on the horizon.
Attorneys disagree over the constitutional right of municipalities to wield the legal tool in such a manner, but they said the program puts the city at risk for litigation while also potentially causing si...
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