The city of Newark, N.J., is moving forward with a foreclosure prevention plan that could involve using the power of eminent domain to restructure underwater mortgages.
http://www.nationalmortgagenews.com/dailybriefing/newark-takes-steps-toward-eminent-domain-plan-1040160-1.html
http://www.nationalmortgagenews.com/dailybriefing/newark-takes-steps-toward-eminent-domain-plan-1040160-1.html
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