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State of Nevada

Using Eminent Domain to Seize Underwater Mortgages

Published June 29, 2012 at 5:00 AM PDT

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?

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

Links

  • LA Times: San Bernardino considers eminent domain to seize underwater mortgages

    • Tags
    State of Nevada housingmortgageIan Mylchreestunderwatereminent domainGreg DevereauxSan Bernardino
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