In recent months, some municipalities have considered seizing the home mortgages of hard-pressed homeowners under the power of eminent domain for the purportedly public purposes of preventing foreclosures and potential localized loss of property values.
The novel initiative is untried in the courts and has been vigorously opposed by the financial services industry and even by some regulators. Nevertheless, it is gaining momentum at the local level and is likely to present a challenge to the legal, banking, and real estate industries. There is also a possibility of similar action at the state level.
On February 5, 2013, please join Mayer Brown partners Dario Frommer and Donald Falk as they explore the legal and political issues surrounding this proposed application of eminent domain.
This program is a Bloomberg BNA-sponsored webinar, and is CLE-credit eligible.
- Navigate to the registration page for the program on Bloomberg BNA’s website: http://www.bna.com/state-local-governments-w17179871856/.
- Choose the "Live Webinar" option from the drop-down menu and add it to the cart. (You will be asked to create an account if you have not previously purchased Bloomberg BNA products. Please be sure to complete all required fields.)
- Type the promo code LGAULIST3 into the specified field. The dollar amount will be decreased by 50 percent. An automatically-generated email will be sent containing a link to the connection information to be used the day of the program.