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San Bernardino County and two of its cities have decided not to pursue a proposal to use eminent domain to seize underwater mortgages from mortgage-backed securities and write down the principal.
HAMP loans about to reset at higher interest rates · As part of new initiative, they have directed mortgage servicers to start evaluating borrowers on July 1, 2015 for their eligibility for a streamlined modification if they become 60 days delinquent within 12 months after a step rate increase to their HAMP modified mortgage’s interest rate.
"Wall Street is back. San Bernardino County and two Southern California cities that were pushing for a similar foreclosure prevention program, formed a JPA for legal protection. The coalition,
San Bernardino County Backs Down From Shoddy VC Plan Using Eminent Domain. A Southern California government official from a depressed county tried to go up against Wall Street this summer when he shocked the mortgage bond community by telling them he was thinking about using eminent domain to.
It’s not often we go an entire week without a blog post, but last week was a bit hectic on our end. Here’s a few California eminent domain and infrastructure updates from throughout the week: San Bernardino Eminent Domain: In its article "IVDA approves eminent domain for Tippecanoe widening," The Riverside Press-Enterprise is reporting that the.
San Bernardino County residents push back against eminent domain In 2017, the median age of all people in San Bernardino County, CA was 33.4. Native-born citizens, with a median age of 28, were generally younger than than foreign-born citizens, with a median age of 48. But people in San Bernardino County, CA are getting getting older.
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California found it’s self in the middle of a national debate last year when San Bernardino County, considered the Eminent Domain tactic as a way of helping residents victimized by the recent housing crisis. With push back from Wall Street groups and the lack of public support the idea never materialized.
· The 1-10 freeway is a critical transportation corridor through San Bernardino County used by residents, businesses and visitors. It is also a major trucking route between Southern California and the rest of the country. Up to 263,000 vehicles and more than 20,000 trucks use this corridor each day.. San Bernardino Eminent Domain Lawyers.
Existing holders are also receiving about $75 billion annually in principal repayments, such as from foreclosure sales, some of which may be plowed back. in San Bernardino County, California and.
And residents of Harney County don’t seem particularly thrilled regarding the prospect of a revolution against government tyranny occurring. to the federal government via the process of eminent.
HUD releases unemployment mortgage assistance to 27 states According to this site there are 1,446 vendors that touch the mortgage. wave of statistical releases during the fourth quarter continues to paint a positive picture of the US economy with many.