Archive | Eminent Domain

Eminent Domain Abuse in Jefferson County, Tennessee- Taking Private Property for Private Use?

Jefferson County appears to be putting the cart before the horse. Last Thursday, the Jefferson County Chamber of Commerce threw a big party to celebrate an industrial megasite proposed to built near the junction of Interstate 40 and Insterstate 41, according to Examiner.com. The party celebrated “a megasite that isn’t built or certified on land that has not been legally or rightfully purchased” and “toast[ed] jobs that have not been produced by companies that have no agreed to come to the un-built industrial megasite that isn’t  certified on land that belongs to dozens of private… read more

Posted in Eminent Domain, Eminent Domain Abuse
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The Government’s Power to Seize Your… Mortgage?

Many of you have probably been following the eminent domain mortgage seizure program proposed in San Bernardino County recently. If not, read more here. Mortgage Resolution Partners has proposed that the City use eminent domain to seize underwater mortgages. According to the San Berndardino Sun, “the loans would then be modified to current market value so people could afford their monthly mortgage payments and establish equity. The loans would then be sold to hedge funds, pension funds or other investors, with the proceeds being used to pay off outside financiers,… read more

Posted in Eminent Domain, Future of the law, Loan crisis, Mortgage seizures
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