San Francisco Chronicle: A rescue for Richmond's underwater mortgages? June 16,2013

Submitted by lusk-admin on Mon, 07/08/2013 - 15:56

Richard Green, director of the University of Southern California Lusk Center for Real Estate, said he understands the frustration that's led city leaders to consider using eminent domain, but thinks the reality would be a lot harder to manage than they realize. "I think threatening to do it is a good idea and may motivate lenders to help solve problems," he said. "Actually doing it is not a good idea."