San Bernardino Abandons Eminent Domain Mortgage Plan

The plan to use eminent domain to seize troubled mortgages and write down debt for homeowners failed to garner public support. Alejandro Lazo, Los Angeles Times San Bernardino County and two of its cities abandoned a plan that would use eminent domain to seize troubled mortgages and write down debt for homeowners. The decision strikes […]

John Cusack

Financial Guru Calls John Cusack A Financial Terrorist

Max Keiser & Stacy Herbert Talk About MFI-Miami Article About John Cusack Did you catch today’s Keiser Report on RT? Max Keiser and Stacy Herbert talked about my John Cusack article and his billionaire buddies over at Mortgage Resolution Partners (MRP). They want to use eminent domain to seize performing mortgage contracts. Max and Stacy also […]

John Cusack

Do Friends of John Cusack Want To Steal Money From Grandma?

John Cusack Is Peddling A Plan That Takes Money From Pension Funds And Gives It To His Millionaire Buddies Actor John Cusack should stick to acting. He’s no financial genius. He is peddling a scheme that would take money from grandma’s pension and give it to his millionaire pals. The only problem is that is […]

Chicago considers eminent domain to seize underwater mortgages

Jon Prior, Housing Wire The City of Chicago will hold a hearing over using eminent domain to seize underwater mortgages. The idea first came under consideration in San Bernardino County, Calif. Venture capital firm Mortgage Resolution Partners is pitching the idea to several cities across the country. Using investor dollars, local governments would seize performing mortgages in […]

RE Investment Firm Pressuring States To Use Eminent Domain To Solve Housing Crisis

Matthew Goldstein and Jennifer Ablan, Reuters via Huffington Post Here’s a controversial but intriguing approach to the U.S. housing crisis: keep cash-strapped residents in their homes by condemning their mortgages. A mortgage firm backed by a number of prominent West Coast financiers is pushing local politicians in California and a handful of other states hardest hit […]

Ready to get started?

Speak to a specialist at (888) 737-6344