Given how much publicity the proposal to condemn underwater mortgages received when it first appeared last summer, I suppose it's not surprising that San Bernardino's decision last week not to move forward has also garnered a lot of attention. Still, it's been hard to keep up with the many articles on the subject these past few days.
If you're trying to keep up as well, here are a number of pieces published over the last few days:
- A January 25 article by Erin Coe on Law360 entitled Calif. County's Halted Mortgage Seizure Plan May Deter Others, that focuses on the question of whether San Bernardino's decision will effectively end the proposal in other municipalities that had been considering it;
- A January 24 post by Robert Thomas at inversecondemnation.com entitled Materials And Links From Today's ALI-CLE Presentation On Condemnation Of Underwater Mortgages, and featuring a deep collection of other pieces written on the subject (along with a video clip);
- A January 26 article by Teri Buhl entitled San Bernardino County Backs Down From Shoddy VC Plan Using Eminent Domain, that largely condemns the proposal and congratulates San Bernardino of making the right decision by rejecting it;
- A January 24 article by Christina Mlynski on HousingWire.com entitled Eminent domain shelved in San Bernardino;
- A January 24 article in the Press Enterprise by Imran Ghori entitled SAN BERNARDINO COUNTY: Eminent domain mortgage solution rejected; and
- A January 25 article by Dan Oney on PublicCEO.com entitled San Bernardino JPA Moves Away From Eminent Domain for Underwater Mortgages
There's also apparently an article coming out in the February 4 New Yorker about the issue. I don't subscribe so I can't access the entire thing, but here's a link to the abstract of the piece by Tad Friend, apparently entitled Can an entrepreneur’s audacious plan fix the mortgage mess?