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Why New York City should use eminent domain to rescue underwater mortgages – New York Daily News

loans - Google News Jun 30th, 2014 Loans.



New York Daily News

Why New York City should use eminent domain to rescue underwater mortgages
New York Daily News
Underwater loans default at alarmingly high rates (today, at or near 70%) and resultant foreclosures ruin not only homeowners and their communities, but creditors as well. For this reason many lenders early in the Depression tried to write underwater ...

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