Eminent Domain No Easy Fix For Cities Fighting Foreclosures

Law360, New York (July 30, 2013, 8:37 PM ET) -- A proposal to take control of homes through eminent domain to save underwater homeowners from foreclosure is gaining popularity in cities still struggling to rebound from the housing crisis, but land use attorneys say any cities that try it will likely be swamped by lawsuits on constitutional grounds at the ultimate expense of homeowners.

Though most analysts agree that a national housing market rebound is well underway — U.S. home prices rose 12.2 percent in May, according to the most recent Standard & Poor's/Case-Shiller Home Price...
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