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Counties may follow Calif., abandon eminent domain proposals

San Bernardino County, Calif., on Thursday abandoned a bold proposal to ease the foreclosure crisis by using eminent domain to take over houses with underwater mortgages, a retreat experts say will likely make other municipalities in California and beyond think twice about adopting a strategy certain to face drawn-out legal challenges from the banking industry.

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3d rendering of a row of luxury townhouses along a street

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