Hard Fight on Eminent Domain to Stop Foreclosures Still Raging in Richmond

Citizen Wealth Foreclosure

New Orleans      Some months ago the City of Richmond in California, long seen as little more than a company town for the giant oil conglomerate, Chevron, rose to the attention of millions of families still trying to sort out the problems of threatened foreclosures.  Richmond uniquely proposed to use the powers of eminent domain to …

Continue Reading

Richmond’s Fight to Use Eminent Domain to Stop Home Foreclosures

Citizen Wealth Financial Justice Foreclosure

New Orleans   Talking to community activists this week who are among the sparkplugs behind the Richmond Progressive Alliance (RPA) in Richmond, California, one of the hot topics was the investigation by the city of whether or not eminent domain might force refinancing of houses facing foreclosure that are “underwater,” where owners owe more than market …

Continue Reading