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Miriam Axel-Lute
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Entries by Miriam Axel-Lute

Eminent Domain to Stop Foreclosure: Clever, but Not the Only Solution

(12) Comments | Posted July 24, 2012 | 3:40 PM

Coauthored by Harold Simon

The heat wave may have broken, but the news is still hot on the latest scheme to deal with underwater mortgages: getting them from the lenders through eminent domain in order to modify them and keep people in their homes.

The idea began to germinate at...

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6 Steps to Stabilize High-Foreclosure Neighborhoods

(9) Comments | Posted June 1, 2012 | 5:16 PM

1. Don't Let the Lenders Lie. When lenders and servicers say they can't modify the principal on a loan because it's in a security and their securitization agreements don't let them, they're lying. They may not be doing it on purpose, but they are. None other than Ocwen, one of...

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