ALTA Says Guidance Needed from HUD on Eminent Domain

February 13, 2014

ALTA encourages the Department of Housing and Urban Development to issue guidance on whether it would allow mortgages seized through eminent domain to be refinanced into new loans backed by the government. ALTA says guidance is needed to provide the certainty needed for a stable mortgage market and to ensure that credit remains available for home purchases and refinances in these communities.

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