NJ city eyes eminent domain to fight foreclosure

... underwater mortgages the city will "recast it so people can stay in their homes." The city of 53,000 that neighbors Newark has been hard-hit by foreclosures. Officials said nearly 1,800 homes here have been foreclosed on since 2008. Richmond, ...

http://www.710knus.com/news/article.aspx?id=6125977