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Using Eminent Domain to Seize Underwater Mortgages

Houses across the country are underwater, and San Bernardino County is trying something new: eminent domain.  The county would use its power to seize mortgages and restructure them.  What are the pros and cons of the program?  And would an eminent domain solution work here in Las Vegas?

Greg Devereaux, CEO, San Bernardino County
Ngai Pindell, Boyd School of Law, UNLV

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