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Controversial California Plan to Reduce Foreclosures

Officials in a struggling California city are pushing a plan to use the power of eminent domain to seize "underwater" mortgages and help homeowners at risk of foreclosure. But some say the plan is illegal and could hurt the local economy. (Oct. 18)
Video provided by AP

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Unique identifier: CP13472736

Legacy Identifier: 697c1b3da4a245af94d290a1d69795f6

Type: Video

Duration: 1m41s

Dimensions: 640px × 358px 7.88 MB

Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited.

Create Date: 10/18/2013 7:36:00 PM

Display aspect ratio: 320:179