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07-16-2012, 01:50 AM
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#1 |
Calif. cities eye plan to seize mortgages
In the foreclosure-battered inland stretches of California, local government officials desperate for change are weighing a controversial but inventive way to fix troubled mortgages: Condemn them.Officials from San Bernardino County and two of its cities have formed a local agency to consider the plan. But investors who stand to lose money on their More... |
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