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Monday, April 19, 2021
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Tags Mortgage debt overhang

Tag: Mortgage debt overhang

Richmond homeowners beat Wall Street bullies 4-3

Tuesday night, Sept. 10, the Richmond, California, City Council held a meeting packed with hundreds of community members who rallied to defend the Richmond CARES principal reduction plan that has inspired hope nationwide and a Wall Street-led campaign of threats, litigation and a deceptive election-style effort to sway public opinion. The City Council voted 4-3 to form a Joint Powers Authority to enact local principal reduction.