I applaud the city for their endeavors, but it scares the beejeesus out of me because all I think is "what next?"

We already have too much government intervention in our lives.  It is bad enough that cities use eminet domain to "revitalize" areas, kicking people out of their homes only to hand it over to some developer who will make 1000x what they paid for it.

And, what happens if the homeowner goes default again on the mortgage while the city holds the mortgage?  And what about underwater properties, if the homeowner wants to pay the mortgage to the city, is the city going to "re-evaluate" the current market value of the property?

Finally, how do I get a consulting job for all of this in Richmond, CA LOL to post a reply: login - or - register