James Ramos Announces Opposition to the Use of Eminent Domain To Seize Mortgages
James Ramos announced his opposition to the use of eminent domain as a way to deal with underwater mortgages in San Bernardino County.
San Bernardino County along with the City of Ontario and Fontana has formed a JPA to look at proposals to address this issue. While Ramos is supportive of all constructive ideas that could help address a very real problem, the use of eminent domain, which has never been used as proposed here, is at best a risky expansion of government power and potentially counterproductive to real solutions and the fledgling recovery of real estate that is beginning to take shape.
In addition, the use of eminent domain will cause excessive legal costs that could expose taxpayers for years to come.
“It’s clear to me that expanding government’s power to seize private property through eminent domain is no solution to our housing problems,” Mr. Ramos said. “I look forward to seeing other proposals that are presented to the JPA where coalitions between homeowners, local leaders and industry work together to bring solutions to address this issue.”
To find more about James Ramos’ campaign for Supervisor visit www.RamosForSupervisor.com.