ASF: Reject Offers Backed by Eminent Domain Threat

The American Securitization Forum is urging mortgage servicers and trustees to reject offers that the city of Richmond, Calif., is making to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.

Article source: http://www.nationalmortgagenews.com/dailybriefing/ASF-Reject-Offers-Backed-Eminent-Domain-Threat-1038094-1.html

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