Letters

Opposing the Use of Eminent Domain to Seize Mortgage Loans in Salinas, CA

Summary

SIFMA provides comments to the Mayor of Salinas, CA opposing the Salinas City Council’s agreement with a third party to explore solutions to issues associated with foreclosures and underwater homeowners.  SIFMA shares concerns that discussions leading up to this action were one-sided, and did not address the impact of these plans on the municipality and mortgage borrowers in the community.

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