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California to use 'eminent domain' to stop foreclosures: NYT

Tue 30 Jul 13 | 08:44 AM ET
"That seems to me to violate the Constitution," said Judd Gregg, SIFMA CEO, discussing the "Golden State's" plans to become the first nation to use "eminent domain" as a way to stop foreclosures.

Topics:

Foreclosures  | Housing  | California
 
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