Newark Advances Eminent Domain Plan to Slow Foreclosures

Newark, New Jersey's most populous city, is moving forward with a plan that could use government power to seize underwater mortgages to help homeowners reduce debt and avoid foreclosure.

http://www.nationalmortgagenews.com/features/Newark-Advances-Eminent-Domain-Plan-Slow-Foreclosures-1040152-1.html