Los Angeles Business Journal

San Bernardino County Abandons Controversial Mortgage Plan

Friday, January 25, 2013

San Bernardino County and two of its cities abandoned a plan that would use eminent domain to seize troubled mortgages and write down debt for homeowners. The decision strikes a blow to an idea that garnered national attention as a potential — if unconventional and controversial — solution to the mortgage crisis, the Los Angeles Times reports.