REALTORS® in MD & LA Put Halt on Using Eminent Domain to Seize Underwater Mortgages

REALTORS^® in Maryland and Louisiana ran successful issue campaigns to stop local governments from using their power of eminent domain to seize underwater mortgages.  The Maryland Association got a two-year moratorium on the practice while the state legislature studies the issue.  The Louisiana Association got an all-out ban on the practice.  These successful campaigns follow on the heels of NAR’s adoption of a policy strongly opposing use of eminent domain for this purpose.

• Read about MD’s and LA’s successful campaigns (215K PDF)