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Eminent Domain Mortgage Plan Rejected

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(North Las Vegas, NV) — A controversial plan to help struggling North Las Vegas homeowners has been voted down.

The city council Wednesday night rejected California-based Mortgage Resolution Partners’ proposal to use eminent domain and help refinance underwater mortgages.

Mayor John Lee says the city will meet with state officials for other ways to help North Vegas residents who owe more than their homes are worth.

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