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Keyword: sanbernardion

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  • San Bernardino Will Try to Hammer "Nail House" Loans in 2013

    12/04/2012 10:52:44 AM PST · by WayneLusvardi · 9 replies
    Calwatchdog.com ^ | December 3, 2012 | Wayne Lusvardi
    What are called “nail houses” in China may be coming to the county of San Bernardino in 2013 by using eminent domain as a bail out from unfunded public pension debts. The photo at right shows a property that has gained worldwide attention as a holdout from a freeway construction project in China. A now famous duck farmer owned the home — recently demolished after the owner finally “accepted” the Chinese government’s offering price. Holdout houses in China are called “nail houses” because homeowners refuse to be “hammered down” in price. Mortgage Resolution Partners is a private mortgage hedge fund...