Hot Topics – Michael Suavante: How eminent domain can be used to help homeowners facing foreclosure.
Topic/Title for Call: Hot Topics – How eminent domain can be used to help homeowners facing foreclosure.
Call Purpose Statement: Discuss what eminent domain is and how counties, cities, townships and other local governments can use it (or the threat of it) to help homeowners facing foreclosure. This solution may even be used to help homeowners with “under water” mortgages (owe more than the home is worth).
Who should participate? Anyone interested in helping homeowners avoid foreclosure and stay in their homes.
Intended Outcomes: Learn what local governments can do to take control of their local foreclosure problem, with powers they already have, and how local advocacy groups can get those local governments to act on that plan.
Links for reference: www.mainstreetmatters.us/solvingforeclosures