City of Chicago Ordinances Eminent Domain

On July 25, the City of Chicago City Council heard a resolution calling for a “hearing concerning the implementation of a program under which the City of Chicago would acquire underwater mortgages through eminent domain.”

Eminent Domain
The resolution states “that the Corporation Counsel, the Commissioner of the Department of Housing and Economic Development, the Chief Financial Officer, and representatives from the residential mortgage industry are hereby invited to appear before the Joint Committee of the Committee on Finance and Committee on Housing and Real Estate to testify at a hearing concerning the implementation of a program under which the City of Chicago would, acquire underwater mortgages through eminent domain.”

SOURCE: http://www.safeguardproperties.com

Copy of the City’s Call for hearing(s) on implementation of program for acquisition of underwater mortgages through eminent domain below…

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City’s Call for hearing(s) on implementation of program for acquisition of underwater mortgages