Richmond, California Fights Foreclosures
Taking the foreclosure crisis into its own hands, the city of Richmond is threatening an unprecedented use of eminent domain to bail out residents with underwater mortgages. The move is being contested vigorously by banks, but proponents say it would allow residents to refinance their homes at current market values and prevent future foreclosures. Eminent domain is the acquisition of private property for public use.
Also on KQED.org this week ...
Women's History Month
KQED proudly celebrates the richness and diversity of the greater San Francisco Bay Area by commemorating Women's History Month.
Where's the Rain?
KQED covers news about California's drought, offers water-saving tips, and more.