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Eminent Domain

house mortgage rate, foreclosure

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.


A wrecking ball plows into the '425' address on the front of the Transbay Terminal building in San Francisco on December 3, 2010. (CBS)

Eminent Domain Seizures Approved For Transbay Terminal Project

San Francisco supervisors Tuesday approved the seizure by eminent domain of several properties in the South of Market District to make way for the construction of the new $4 billion Transbay Transit Center.

CBS San Francisco–12/07/2010