Local Governments Consider Using Eminent Domain to Seize Underwater Mortgages.

The article offers information on the Homeownership Protection Program initiative of the Joint Powers Authority (JPA). It notes that JPA was created by the local government from San Bernardino County and the towns of Fontana and Ontario in California. It adds that the program targets underwater mortgages that are not in default and is part of JPA's effort to assisst underwater homeowners and boost local economy.