It's Monday and we've got a petition due Tuesday, so we're not going to spend too much time on posting today. But we did want to update you on the latest on the mortgage front.
- A San Francisco federal judge concluded that it was too early to bring the lawsuits challenging the takings. This means that the case is just not quite ripe (although it looks like it is ripening fast), not, as some media outlets have been reporting, that the judge approved of the MRP/Richmond eminent domain scheme.
- Our Florida colleague Carlos Kelly sends this report from the "Legal Scoop on Southwest Florida Real Estate," a publication of his firm. Read his Update: Condemnation of Underwater Mortgages here. Many good links to other stories and reports.
- The American Land Title Association doesn't think much of the scheme.
- An Arizona reader sends this item, "Using Eminent Domain to Rescue Main Street," from Moyers & Company, a post that first appeared in The Nation's blog and which paints a sympathetic picture of the MRP plan. Surprised? You shouldn't be given the title and the origins of the piece. Since when is eminent domain used in the same breath as "social justice?" Man, that's news to us.
