Detailed text transcripts for TV channel - FOXNEWS - 20120705:20:42:00
[tires screeching] critics are ripping a plan california officials are mulling. it's to weird. they're looking into using eminent domain to seize under water mortgages. the goal is to reduce their mortgage balance to below the value of the home to people under water on mortgages stay in those homes. real estate exert katrina campert says they're out of their mind. why. >> another band-aid fix. when did it become the government's job extract consequences of someone's own financial decisions? this is about honor. when you sign a mortgage
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