East Harlem businesses launch countersuit against evictions
Several East Harlem business owners are ramping up efforts to fight condemnation proceedings that would ultimately lead to their...
eminent domain
The Latest
City could seize Brooklyn library to save on rent
The city could soon seize a privately-owned Brooklyn library via eminent domain. The McKinley Park branch of the Brooklyn...
S&P calls for greater investor safeguards in debt-related eminent domain
The use of eminent domain to seize debt to help borrowers could lead ratings firm Standard & Poor’s to...
Willets Point businesses hound city for legal fees
After a lengthy eminent domain battle over Queens’ Willets Point, local business owners are still demanding that the city pay...
Use of eminent domain to seize mortgages erodes basic lending principles: FHFA general counsel
The general counsel for the Federal Housing Finance Agency has come out against a proposed plan to seize underwater mortgage by eminent domain, the...
Ben Bernanke dodges eminent domain mortgage controversy: VIDEO
Ben Bernanke, Chairman of the Federal Reserve, declined to comment on the controversial plan to use eminent domain law...
Wall Street opposes mortgage restructuring plan championed by Shiller
Wall Street’s largest lobbying firm, the Securities Industry and Financial Markets Association, is crying foul at calls for the...
Shiller calls on eminent domain to boost U.S. housing
Lowering mortgage balances on a national scale to a level that disincentivizes defaulting on underwater homes would save both...
Though eminent domain plan is ditched, Willets Point businesses continue fight against city
Just because the city has scrapped its eminent domain plan for Willets Point, doesn’t mean its fight with neighborhood property owners is over. The...
Related, Sterling near deal for Willets Point mall
The Related Companies and the real estate firm controlled by the New York Mets ownership, Sterling Equities, are closing...