Deutsche Bank

A home for sale in Richmond. (CBS)

Judge Declines Banks’ Effort To Block Richmond Eminent Domain Plan On Underwater Mortgages

A federal judge in San Francisco sided with the City of Richmond in its effort to take over mortgages from hundreds of struggling homeowners by denying a request from banks for a preliminary injunction because it’s too premature to decide.

09/12/2013

A home for sale in Richmond. (CBS)

Richmond Moving Forward With Eminent Domain Plan For Underwater Mortgages

The Richmond City Council voted 4 to 3 early Wednesday morning to continue pursuing the controversial plan, which could use the city’s power of eminent domain to force bondholders to sell underwater loans.

09/11/2013

Foreclosed homes on Lucas Street in Richmond (CBS)

Richmond Reconsidering Eminent Domain Plan For Underwater Homeowners

The Richmond City Council Tuesday evening will consider scrapping the city’s controversial plan to buy struggling homeowners’ underwater mortgages.

09/10/2013

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

Foreclosed homes on Lucas Street in Richmond (CBS)

Banks Find Loophole To Avoid Cleaning Up Richmond Foreclosures

Richmond has some of the most strict laws about taking care of foreclosed properties, but residents say three banks have found a way around those regulations.

09/06/2011

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