The Grand Mortgage Condemnation Scheme Goes Down the Tubes

We are on the road, speaking at the annual ALI-CLE (formerly ALI-ABA) annual program on eminent domain, held this year in Miami Beach, so all we know is what’s on the internet, but our screen is¬†full of dispatches that the county of San Bernardino, California, whose decision to study the subject of condemning mortgages on underwater¬† homes started the whole hulabaloo, has decided to cancel its involvement in that scheme, and won’t proceed with it.

More after we are able to gain proper access to this information.

And here, your faithful servant and a few other mavens, wasted man-hours this dicussing this subject at that ALI-CLE program only this morning.