Controversial Calif Plan to Reduce Foreclosures

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Controversial Calif Plan to Reduce Foreclosures

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Controversial Calif Plan to Reduce Foreclosures

Associated Press Videos 1:41 mins

Officials in a struggling California city are pushing a plan to use the power of eminent domain to seize "underwater" mortgages and help homeowners at risk of foreclosure. But some say the plan is illegal and could hurt the local economy. (Oct. 18)

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