A proposal under consideration in San Bernardino County, Calif., to use eminent domain to take over negative-equity properties at the expense of private-label mortgage-backed securities investors doesn’t serve a public purpose as required by the state constitution and the U.S. Supreme Court, according to legal experts. One appeals attorney argues that the proposed program can [...]
Posts Tagged ‘state constitution’
More Business Management Tips:
Ready to Apply? Find Lenders Looking for New Deals
Business Tips & News:
Public Purpose Requirement Not Met in Eminent Domain Proposal
July 5th, 2012 
davidguide 
Posted in Business Loans 
Tags: consideration, Domain, domain proposal, equity properties, extract, investor, mortgage backed securities, property, san bernardino county, State, state constitution 
Comments Off
