Sonoma Santa Rosa Petaluma News Today : Breaking News, Live Updates & Top Stories | Vimarsana

People of richmond, and we call on these banks to really do the right thing. Reporter the city with its partners is stepping in to buy mortgages. The loans, not the homes themselves. And then help homeowners refinance or modify so that they have mortgages that are in line with current home values. Reporter the mayor says richmonds been hit way too hard by the foreclosure crisis. City leaders and those theyve teamed up with believe they have every right to use Eminent Domain powers to step in. Thats called life. And theres absolute Eminent Authority starting back in 1956 with a case called berman versus parker to correct blight. I sympathize in the buyers that need help and want help, but wekn dont think this is th right way to go. Reporter the president of the social of lenders believes this will stop lenders from doing business, hurting the city for years to come. The
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