Godlike Productions - Discussion Forum
Users Online Now: 961 (Who's On?)Visitors Today: 176,340
Pageviews Today: 295,050Threads Today: 94Posts Today: 1,862
03:52 AM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPORT COPYRIGHT VIOLATION IN REPLY
Message Subject Fontana California using eminent domain to sieze foreclosed homes from banks
Poster Handle THEVOICE
Post Content
Just watching BNN, Canada's CNBC finacial channel and they were interviewing the Mayor of Fontana California. She is trying to use eminent domain laws to sieze properties in forecloser from banks for the betterment of the municipality / county and the local populous. The realators and banks are furious but the city of 200 000 people is not getting its property taxes and the banks won't refinance the foreclosed homes. She wants to sieze the mortgages and revalue them to actual market value and try to sell them for less than the banks who are keeping them inflated for an asset on their books.

This is a stroke of genius, watch her get assassinated. Banks don't have to pay property tax during the foreclsure process.

There is no link but get this idea out there!
 Quoting: Anonymous Coward 1609676


She just needs a magistrate to agree on a date the foreclosures was over..... cha ching.. Then charge them all the back taxes on each property.
 
Please verify you're human:




Reason for copyright violation:







GLP