This underwater mortgage / eminent domain issue does not appear to be going away any time soon. Along with eminent domain attorneys Robert Thomas from Hawaii, Casey Pipes from Alabama, and Tom Olsen from New Jersey, I spoke last Friday at the ABA Annual Meeting in Chicago -- one of the cities apparently considering the plan. The presentation itself did not focus on the underwater mortgage plan, but many of the questions at the end did. Indeed, the issue generated more buzz in the room, by far, than any other.
This week, the news is that the Federal Housing Finance Agency ("FHFA") has ...
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