Mortgage companies & banks take eminent domain ... - No CapX 2020
Jun 20, 2009 . In tough economic times, more homeowners who lose ground to eminent domain are finding that stressed mortgage holders are pocketing the .
http://nocapx2020.info/?p=809

Protecting Status: The Mortgage Crisis, Eminent Domain, and the ...
Rachel D. Godsil and David V. Simunovich, Protecting Status: The Mortgage Crisis, Eminent Domain, and the Ethic of the. Homeownership, 77 Fordham L. Rev.
http://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=4401&context=flr

California Mortgage Association
California Mortgage Association · About . Eminent Domain and Deeds of Trust . The power is known as “Eminent Domain” and has a long history in the law.
http://www.californiamortgageassociation.com/newsletter/article.php?article_id=000006

Occupy the Neighborhood: How Counties Can Use Land Banks and ...
Jan 14, 2012 . To overcome this prejudice, the county could exercise eminent domain on the mortgage contract rather than on title to the property. (The power .
http://www.truth-out.org/occupy-neighborhood/1326472096

Benefits of Losing the mortgage eminent domain

Using Eminent Domain To Acquire Mortgages Would Be Reckless ...
Jan 14, 2009 . Using Eminent Domain To Acquire Mortgages Would Be Reckless And Dangerous » Housing Doom |
http://housingdoom.com/2009/01/14/using-eminent-domain-to-acquire-mortgages-would-be-reckless-and-dangerous/

  • Stabilize Home Mortgage Borrowers with Eminent Domain (CL&P ...
    Sep 29, 2008 . By Lauren E. Willis [reprinted here with permission] Edward Leamer's “trickle up” economic plan is a good start, but if a downward spiral is a .
    http://pubcit.typepad.com/clpblog/2008/09/stabilize-home.html

    Fire Insurance and Eminent Domain Awards
    Some lenders argued that this constituted mortgage default. . Why doesn't the Fannie Mae form allow use of the eminent domain proceeds for restoration of the .
    http://law.missouri.edu/whitman/ref-ppt/6.%20Insurance%20Proceeds.ppt

Occupy Movement Supporters Consider Eminent Domain as a Tool ...
Mar 31, 2012 . The use of local governments' power of eminent domain, though . The aim was to liquidate the pool of mortgage backed securities quickly.
http://www.opednews.com/articles/Occupy-Movement-Supporters-by-John-Iacovelli-120330-787.html

Meeting the Requirements

As far as your lender is concerned, here are the typical requirements you usually must meet to eliminate your escrow account:

  • Your mortgage is at least one year old, and you have made on-time payments consistently for the entire year
  • LTV (loan-to-value ratio) has to be under 75%
  • Loan has to be a conventional loan (VA and FHA loans typically cannot shed their escrow accounts; it is part of the condition of a government-backed loan)
  • No taxes or insurance payments can be due in the next 30 days

Should Uncle Sam Seize Mortgage Securities? - Forbes.com
Dec 31, 2008 . That's why Jackson says the government needs to use eminent domain. Treat toxic mortgages like any other property that is in the way of a .
http://www.forbes.com/2008/12/30/mortgages-foreclosures-tarp-biz-wash-cz_do_1231beltway.html

Making the Payments Each Year

Who Speaks for Mortgage "Lenders"? - Credit Slips
Apr 15, 2008 . After Kelo, there is no doubt that a HOLC-type organization armed with eminent domain powers can Constitutionally seize mortgages, pay the .
http://www.creditslips.org/creditslips/2008/04/who-speaks-for.html

The Mortgage Bailout: Get Ready For Eminent Domain Seizures ...
Jul 25, 2008 . Of all the unintended consequences of the housing bill that passed the House on Wednesday, the most ironic and far-reaching may be this: .
http://sigmundcarlandalfred.wordpress.com/2008/07/25/the-mortgage-bailout-get-ready-for-eminent-domain-seizures/

Ellen Brown - Occupy The Neighborhood
Jan 14, 2012 . Banks and Eminent Domain . financial institutions that are current owners of the mortgages could be determined for only 287 out of 473 (60%).
http://www.rense.com/general95/ell.htm






Reverse Mortgage Glossary
EEM - Energy Efficient Mortgage. Eminent domain - the right of a government to take private property for public use; for example, taking private land to build a .
http://www.reversemortgage4u.com/reverse_mortgage_glossary.php


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Comments to How to Break Free from Your mortgage eminent domain

  1. Real Estate Attorneys & Laws | Eminent Domain, Environmental ...
    Eminent Domain, Environmental, Home Ownership, Leasing, Mortgages & Zoning . The powers include taxation, police power, escheat, eminent domain.
    http://real-estate.mnscience.org/

    Residential & Commercial Real Estate Lawyer Minnesota | Eminent ...
    Purchase and sale agreements; Deeds; Mortgages; Notes and financing agreements; Restrictive covenants; Easements. Condemnation and eminent domain .
    http://www.mertzlawoffice.com/Practice-Area-Overview/Real-Estate.shtml

    wrc1000

  2. Great idea – why give the mortgage company an interest-free loan?

    Underwater Mortgages and Eminent Domain...Who wins?
    Dec 6, 2009 . Underwater Mortgages and Eminent Domain...Who wins? My property is " underwater" or for those of you who don't know...I owe more than my .
    http://barryfarmremixed.blogspot.com/2009/12/underwater-mortgages-and-eminent.html

    What's in Your Condemnation Clause?
    Jul 21, 2009 . to consider when drafting a condemnation clause or entering a mortgage agreement. I. The Sovereign Power of Eminent Domain. Eminent .
    http://www.duanemorris.com/articles/static/kroculick_mccalley_shopctr_summer09.pdf

    Brad Miller's Old Solutions to New Problems | Roosevelt Institute
    The new HOLC could buy mortgages by eminent domain…The toxic assets backed by mortgages are impossible to value. The concern that taxpayers would get .
    http://www.rooseveltinstitute.org/new-roosevelt/brad-miller-s-old-solutions-new-problems

    EMINENT DOMAIN
    Has your state enacted laws to make mortgage companies provide a release within a . The State of Arizona has Statutes that address the release of mortgages .
    http://rightofway.transportation.org/Documents/Mortgage%20Releases.doc

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  3. Saving America: County Owned Banks and Eminent Domain Can ...
    Jan 18, 2012 . To overcome this prejudice, the county could exercise eminent domain on the mortgage contract rather than on title to the property. (The power .
    http://truedemocracyparty.net/2012/01/county-banks-end-foreclosures/

    Lawyers Advantage - Resources - Useful Links
    If the mortgage property should ever be taken by eminent domain the " condemnation clause" provides that the lender has first right to the proceeds in order to .
    http://lawyersadvantage.com/resources/mort_deed_trust.htm

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  4. Mortgage Term Definition: Eminent Domain
    Mortgage Term Glossary - Eminent Domain. The government's right to seize property for public use in exchange for paying its fair market value to the owner.
    http://www.checkinterestrates.com/interest_rates/mortgage_glossary/Eminent_Domain

    Edwin

  5. Reverse Mortgage Adviser: Your Resource for Objective Reverse ...
    Your Resource for Objective Reverse Mortgage Information . eminent domain - the right of a government to take private property for public use; for example, .
    http://www.reversemortgageadviser.com/Reverse-Mortgage-Glossary.asp

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  6. Posts tagged: eminent domain - Mandelman Matters
    2 days ago . Posts Tagged 'eminent domain' . those who own their homes with smaller mortgages or outright cannot sell their homes for decent prices, .
    http://mandelman.ml-implode.com/tag/eminent-domain/

    Solving Foreclosures - Main Street Matters
    A county could still exercise its eminent domain rights and seize those mortgage contracts to those properties as well. In those circumstances, eminent domain .
    http://www.mainstreetmatters.us/solvingforeclosures

    Thanks for the question!

    SB2394: Would Allow Condemnation of Private Property to Bail Out ...
    Apr 13, 2012 . A: Eminent domain is for real property. There are problems with using eminent domain for personal property. Mortgages, we consider, are more .
    http://www.hawaiifreepress.com/ArticlesMain/tabid/56/articleType/ArticleView/articleId/6527/SB2394-Would-Allow-Condemnation-of-Private-Property-to-Bail-Out-Mortgage-lenders.aspx

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  7. Eminent Domain - Your Home Is Your Castle ! - Mortgage News Daily
    Feb 28, 2005 . An eminent domain case makes it to the Supreme Court. While the Court may be months away from a decision, public protests and the resulting .
    http://www.mortgagenewsdaily.com/2282005_Your_Home_Is_Your_Castle.asp

    Eminent Domain - New Hampshire Board of Tax & Land Appeals
    Information Regarding Eminent Domain Takings Filed With The Board Of Tax . remaindermen, reversioners, holders of undischarged mortgages of record .
    http://www.nh.gov/btla/eminentdomain/index.htm

    jimmy37

  8. Reverse Mortgage Loans
    eminent domain or condemnation proceedings involving your home. A reverse mortgage may also include. “acceleration” clauses that make it due and payable.
    http://assets.aarp.org/www.aarp.org_/articles/money/financial_pdfs/hmm_hires_nocrops.pdf

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  9. Solving Foreclosures - Main Street Matters
    A county could still exercise its eminent domain rights and seize those mortgage contracts to those properties as well. In those circumstances, eminent domain .
    http://www.mainstreetmatters.net/solvingforeclosures?showall=1&limitstart=

    LC

  10. Excellent post!

    "Victims" of Subprime Mortgages and Victims of Eminent Domain
    Jan 27, 2008 . Steven Geoffrey Gieseler of the Pacific Legal Foundation makes an excellent point in decrying the great amount of attention paid to homeowner .
    http://volokh.com/posts/1201472524.shtml


    The American Law Institute - Property (Mortgages)--
    Restatements of the Law - Property - Property (Mortgages) . or takings in eminent domain, and redemption from a mortgage by performance or tender. Chapter .
    http://www.ali.org/index.cfm?fuseaction=publications.ppage&node_id=43

    FV

  11. Brantley & Associates :: Serving You
    We often value properties for the purposes of mortgages, eminent domain takings , corporate portfolios, buy-sell decisions, etc. Expert Witness Services .
    http://brantleyassociates.com/services.asp

    DS

  12. what about new jersey jurisdiction for escrow account , I realy need to eliminate this account, specially with this high real estate taxes in new jersey which consider as double your mortgage payments

    Ashraf Soliman

  13. Reisman-Sorokac Law Office - Legal Practice Areas - Las Vegas ...
    . and sale of foreclosure properties, lease renegotiations, distressed real estate, restructuring options, loan workouts, easements, mortgages, eminent domain, .
    http://www.rsnvlaw.com/practice_areas.php

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  14. Increased Mortgage Costs
    Eminent Domain/Land Condemnation . and reimbursement for increased mortgage costs which they may incur as a result of acquiring a new property.
    http://www.wfjlaw.net/areas-of-practice/eminent-domain-land-condemnation/eligibility-and-types-of-compensation/increased-mortgage-costs

    Teresa




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