In The News: Richmond Seeks Partners for Seizure of Foreclosed Properties
February 10, 2014
On January 13, 2014 the Sacramento Bee Newspaper reported that the City of Richmond are seeking a partnership with other local communities. Richmond wants to form a joint powers authority that would allow it to seize the mortgages on foreclosed homes, write down the principal, and refinance the loan. Mortgage lenders and investors would take […]