Posted inPractical Politics

The politics of a consumer-friendly eminent domain

Even though, according to a recent evaluation report by Barclays Bank, the California Homeowner Bill of Rights—which became official on Jan. 1, 2013—is having a definite impact on slowing bank foreclosures in the state, some municipalities still end up with far too many blighted areas within their borders, as underwater homes get seized by banks or simply abandoned by distraught homeowners unable to make their mortgage payments.

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