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CANCELLED: Trick or Treat: Eminent Domain as a Means to Reduce Principal

October 31, 2012, 12:00pm ET - 1:30pm ET

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About This Event

This event has been cancelled due to inclement weather. We apologize for any inconvenience.

The housing crisis wiped out nearly $7 trillion in homeowner equity and caused a wave of foreclosures that have crippled the nation’s housing market for nearly four years. While the housing sector appears to be on the road to recovery, the comeback is slow, and many communities are still struggling. Corelogic estimates that more than 10 million homeowners are still underwater, which portends more defaults, foreclosures, and slower recovery.

This event examines recent calls for municipalities to use eminent domain to restructure local mortgages. Please join us for what’s sure to be a spirited conversation.

Featured speakers:
Rep. Brad Miller (D-NC)
Tom Deutsch, Executive Director, American Securitization Forum
Jim Carr, Senior Policy Fellow, Opportunity Agenda
Steven Gluckstern, Chairman, Mortgage Resolution Partners
Lisa Lindsley, Director of Capital Strategies, AFSCME

Moderated by:
Julia Gordon, Director, Housing Finance & Policy, Center for American Progress

A light lunch will be served at 11:30 a.m.

Location

Center for American Progress
1333 H St. NW, 10th Floor
Washington, DC20005

Map & Directions External Link Icon

Nearest Metro: Blue/Orange Line to McPherson Square or Red Line to Metro Center