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Friday, July 13, 2012
''City Bankruptcy Could Raise Hurdles for Mortgage Seizure Plan''
From American Banker
''San Bernardino County is forging ahead with deliberations on a proposal
to seize delinquent mortgages
, despite its
largest city's decision
Tuesday night to seek bankruptcy.
The California city is not directly involved in the proposal, but industry members say its bankruptcy could interrupt funding and create other hurdles for the county and its partners.''
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