Rep. Waters Hosts Panel on Eminent Domain Proposals to Seize Underwater Mortgages

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By California RealEstateRama -

Washington, DC – September 13, 2012 – (RealEstateRama) — Yesterday, Congresswoman Maxine Waters held a bipartisan panel discussion on the nation’s ongoing housing crisis and whether the use of eminent domain to seize underwater mortgages is a feasible alternative to provide struggling homeowners with relief. The event was the third in a series of panels Rep. Waters launched this summer to discuss current topics in financial regulation. To open the panel discussion, Rep. Waters delivered the following remarks:

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