Brockton, Massachusetts, Considers Eminent Domain To Address Foreclosures:
In a move that’s pitting grassroots housing activists against Wall Street interests, the City Council of Brockton, Mass., decided this week to commission a study into the feasibility of using eminent domain powers to seize the mortgages of local residents struggling to pay off their loans.
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This idea has popped up elsewhere. It will be interesting to see what happens if and when a city does this and it gets challenged in court.
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