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To: etcb
Let's put aside the whole aspect of seizing the mortgage for a moment and think about this:

If a government acquires a property legitimately through an eminent domain proceeding, is it legally obligated to pay off any mortgages on the property even if the mortgage exceeds the value of the property?

29 posted on 08/25/2013 12:14:38 PM PDT by Alberta's Child ("I've never seen such a conclave of minstrels in my life.")
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To: Alberta's Child

I certainly agree that if they seize the home they would have to pay off the mortgage regardless of the amount. However my reading of the article indicates that they are contemplating seizure of the mortgage, not the home.


30 posted on 08/25/2013 12:36:01 PM PDT by etcb
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