Banks sue Richmond

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

Banks Sue Richmond To Stop City’s Plan To Help Homeowners With Underwater Mortgages

Two banks are suing the city of Richmond over its plan to invoke eminent domain to help struggling homeowners refinance into new mortgages in line with their homes’ current value.

08/10/2013

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