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"city officials have discovered that they can use their eminent domain power—which they routinely use to purchase property for sidewalks, infrastructure, school construction and other projects—to buy underwater mortgages at their current market value and resell them to homeowners at reduced price and mortgage payments." truth-out.org/news/item/17586-to-rescue-local-economies-cities-seize-underwater-mortgages-through-eminent-domain-read-more-to-rescue-local-economies-cities-seize-underwater-mortgages-through-eminent-domain

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