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Las Vegas Sun

Plan that aids underwater homeowners through eminent domain to get hearing in North Las Vegas

March 20, 2013

A company with a unique but controversial approach to help underwater homeowners refinance their mortgages using eminent domain will pitch the North Las Vegas City Council on the plan Wednesday evening. Mortgage Resolution Partners has spent the past year meeting with local governments in states hit hardest by the housing crash to present its plan that would use private money to buy distressed mortgages and help homeowners reduce the amount of principal owed while staying in their houses.

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