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Unusual eminent domain plan stirs LI talk

August 21, 2012 9:26 PM By DAN JANISON dan.janison@newsday.com

Suffolk county officials were advised by Mortgage Resolution

Photo credit: iStock | Suffolk county officials were advised by Mortgage Resolution Partners to seize homes of struggling home owners with mortgages that are more than the property is worth under eminent domain.

From the juncture of public politics and private finance comes an unusual proposal that is generating buzz in both worlds.

It involves using eminent domain, local government's sometimes-controversial right to seize property for public purposes.

Proponents tout it as relief for those in debt and a potential boost for ailing local economies.

And it has drawn preliminary discussion...

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