ADVISORY: Eminent Domain as a Means to Reduce Principal

October 25, 2012

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Contact: Katie Peters
Phone: 202.741.6285
Email: kpeters@americanprogress.org

Washington, D.C. – 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. Panelists all share a commitment to tackling the problem of negative equity but have different views on using eminent domain to do so. Please join us for what’s sure to be a spirited conversation.

WHO:  

• Rep. Brad Miller (D-NC)
• Jim Carr, Senior Policy Fellow, Opportunity Agenda
• Steven Gluckstern, Chairman, Mortgage Resolution Partners
• Laurie Goodman, Senior Managing Director, Amherst Securities
• Lisa Lindsley, Director of Capital Strategies, AFSCME
• Julia Gordon, Director, Housing Finance & Policy, Center for American Progress

WHEN:

October 31, 2012
12:00pm – 1:30pm
A light lunch will be served at 11:30 a.m.

WHERE:

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

RSVP:

RSVP for this event.
For additional information, please contact Katie Peters at kpeters@americanprogress.org.

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