Underwater Mortgages – At the Bottom of the Sea?

Here is an excellent recent article on the propriety of attempting to use eminent domain to “take” underwater mortgages in various places around the country.  Entitled “Eminent Domain for Underwater Mortgages: Already on the Way to the Bottom of the Sea of Bad Ideas” , our Owners Counsel of America colleague Dwight Merriam summarizes what’s wrong with this idea, as we have done before on several occasions.

Thanks to Dwight for the excellent read, and also to our colleague Robert Thomas for his heads up and his own succinct summary (and Sonny & Cher video) on topic!