Bill Granting Public Access To Martins Beach In San Mateo Moves ForwardA bill that would restore public access to Martins Beach in San Mateo County has cleared one of the last major obstacles in Sacramento on Thursday despite the property owner’s efforts to lobby against the legislation.
Realtors Launch Campaign Opposing Richmond's Eminent Domain Plan On MortgagesAn association of Contra Costa realtors have started running radio ads in opposition to the City of Richmond's plan to use eminent domain as a way of helping financially struggling homeowners.
Richmond’s Eminent Domain Plan Moves Another Step ForwardThe Richmond City Council has set up new guidelines for the proposal.
Judge Declines Banks' Effort To Block Richmond Eminent Domain Plan On Underwater MortgagesA 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.
Richmond Moving Forward With Eminent Domain Plan For Underwater MortgagesThe 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.
Richmond Reconsidering Eminent Domain Plan For Underwater HomeownersThe Richmond City Council Tuesday evening will consider scrapping the city’s controversial plan to buy struggling homeowners’ underwater mortgages.
Richmond Demands Wells Fargo Drop Lawsuit Over Eminent Domain Mortgage PlanThe mayor of a financially struggling East Bay city and several supporters showed up unannounced Thursday at Wells Fargo Bank's headquarters to demand it drop a lawsuit fighting a novel plan to refinance hundreds of "underwater" mortgages.
Banks Sue Richmond To Stop City's Plan To Help Homeowners With Underwater MortgagesTwo 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.
Richmond Threatens Eminent Domain To Address Foreclosure CrisisThe city is the first in the country to take the step of threatening eminent domain to handle underwater mortgages.
Richmond Considers Eminent Domain As A Path To Home Loan RestructuringDespite rising home prices in much of the Bay Area, many home buyers are struggling to wade out from their underwater mortgage – prompting some Richmond city leaders to attempt a unique tactic to provide mortgage relief.
Bill Ties Caltrain Modernization To High-Speed Rail ConstructionA proposal unveiled by State Senator Jerry Hill on Friday would tie together the future of Caltrain and high-speed rail in the state.
Melissa Griffin: Could California Use Eminent Domain To Save Troubled Mortgages?On Friday July 27 Lieutenant Governor Gavin Newsom came out in support of a controversial plan to allow local governments to seize underwater properties and restructure the debts.