Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
675,558+7,403
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.75%-0.01
Servicing

Richmond eminent domain plan doesn’t target foreclosures

Purveyors of the idea that eminent domain can be used to assist homeowners in distress are facing new allegations that their plan is to profit, not to help. A recent analysis in Richmond, CA is the latest to fuel the fire.

From Richmond Confidental:

When comparing a map of the homes the city has targeted for assistance to a map of foreclosed properties in the city, one thing is clear: They’re pretty different. The areas with the most foreclosures aren’t necessarily the neighborhoods that Richmond has targeted for relief. “A lot of the people that think they will be helped by this program will not be helped at all,” said Jeff Wright, a realtor and one of the plan’s most vocal critics. 

Most Popular Articles

Latest Articles

Freddie Mac’s Donna Spencer on their Servicing Excellence initiative 

On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please