On today’s Your Call, we’ll have a conversation with the Gail McLaughlin, the Mayor of Richmond about the city’s foreclosures problems and solutions. Richmond could become the nation's first city to use eminent domain to bail out distressed homeowner. What is the state of foreclosures today? What resources are available to homeowners facing foreclosures? It’s Your Call, with Holly Kernan and you.
Guests:
Ben Hallman, senior financial writer at The Huffington Post
Gayle McLaughlin, Mayor of Richmond, California
Web Resources:
Huffington Post: Spiking Home Prices Are Actually A Cause For Concern
NBC: Elusive foreclosure fixes put homeowners on housing hold
Contra Costa Times: Richmond coalition embarks on campaign to seize underwater mortgages from banks
