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Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > Columnists > Jim Woodard > Underwater rescue
Underwater rescue
Explaining the California plan to help distressed homeowners find dry land
By
Published: August 16, 2012
Time posted: 1:54 pm
Several city and county government leaders, most notably in San Bernardino, Calif., are considering using eminent domain to force lenders to sell troubled "underwater" homes to private investors at prices less than the balances of their mortgages.
Published: August 16, 2012
Time posted: 1:54 pm
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