"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Richmond CA will buy distressed home mortgages from banks, write them down, then refinance them into lower cost mortgages so homeowners can stay in the home. Here’s the kicker. If banks do not cooperate the city will seize the house…
California Lt. Gov. Gavin Newsom has asked the Department of Justice to investigate alleged collusion and mortgage industry threats against California municipalities. Several California cities are considering using eminent domain to seize mortgages and restructure terms to aid struggling homeowners.…