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07-16-2012, 02:00 PM
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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. The securities industry has been quick to More... |
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