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Thats an opinion. Things get heated before a critical vote to seize hundreds of under water mortgages. Good evening. Im dan ashley. Homeowners in richard are in dire straights. City leaders have a plan that calls for drastic action but some worry about the consequences. Wayne freedman explains why. Reporter in richmond, neighborhood signs tell an on going story of poor closures, nearly half the homes are worth less than the owners paid for them. By the time its like the last week of the month, were stretched. Reporter patty and her husband paid 425,000 for this home eight years ago. Its now lost more than half of its value. Tonight she has hope. If the banks on wall street got bailed out, how come we dont get bailed out . We call on the banks to really do the right thing. Reporter after months of discussion the Richmond City counsel voted last night with possibly using imminent domain to buy under water mortgages in mass with an
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