Tag Archives: eminent domain

Richmond’s controversial housing plan takes step forward

Richmond moved one step closer to implementing its eminent domain plan Tuesday night by tightening guidelines for the program, which aims to save struggling homeowners from foreclosure.

Medical marijuana dispensary allowed to relocate

The Richmond City Council approved a permit Tuesday night to allow a marijuana dispensary to move from its current location near Hilltop Mall to a largely abandoned street on Bissell Avenue, less than one block...

Foreclosure prevention program may not assist those most in need

Richmond Confidential obtained a list of 602 of the 624-targeted mortgages, which we’ve mapped. When comparing a map of the homes the city has targeted for assistance to a map of foreclosed properties in the...

Richmond’s program to prevent foreclosures spreads

It was one of those public meetings with a whole lot of talk and no action, but this discussion –in Oakland – is nonetheless crucial to Richmond’s plan to prevent future foreclosures. That’s because Richmond...

Zombie foreclosures: Richmond’s hidden housing crisis

Richmond has seen an increase in "zombie" foreclosures, meaning that the bank, upon foreclosing on the homeowner, never took ownership of the home. The practice allows banks to avoid liability. It also increases blight, and...

Eminent domain firm defends against Wall Street charges

As critics point out, the people behind Mortgage Resolution Partners bear some striking similarities to the Wall Street bankers they're ostensibly fighting. Chairman Steven Gluckstern says that although all three of the firm's partners have...

Details emerge about mortgages chosen for Richmond’s eminent domain scheme

Richmond’s unprecedented plan to help homeowners refinance their mortgages has sparked a national debate about the use of eminent domain, but until now officials haven't shed much light on how they selected the list of...

Motion to kill Richmond’s eminent domain plan fails

Vicky Conway says she is stuck in a loan she can’t afford. She and her husband Rodney Conway bought a home in northeast Richmond in 2004 and, like many of the city’s residents, the couple’s...

Realtors and residents debate Richmond’s eminent domain plan

Last Night’s gathering at the Police Activities League was pegged as a “debate” on the pros and cons of the city’s plan to buy or seize 624 underwater mortgages. But only the opponents’ spokesman showed...

California Realtors Associations campaign against eminent domain plan

Richmond’s plan to seize underwater mortgages through eminent domain has come under sharp criticism. Opponents claim that the plan could depress property values, and end up costing the city millions of dollars in lost revenues...