Tag: mortgage loans

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Is It Illegal Under Federal Law to Opt Out Of Jurisdictions Exercising Eminent Domain?

Is It Illegal Under Federal Law to Opt Out Of Jurisdictions Exercising Eminent Domain?

By: Laurence E. Platt

Is a refusal to make or buy residential mortgage loans from jurisdictions that seize loans through eminent domain a federal crime or a reasoned response to excessive government intervention? That’s the question that people are asking today in light of the comments of Lt. Governor of California Gavin Newsom. Yesterday, he asked the U.S. Department of Justice to investigate and prosecute those in the industry who advocate staying away from jurisdictions exercising eminent domain. Did he expect the industry instead to send thank you notes? Read More

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