Stop Investor Greed, a Richmond-based group fighting plans by the Richmond City Council to allow Mortgage Resolution Partners and Wall Street Bankers to take underwater mortgages from homeowners in that city ask Richmond residents to attend the City Council meeting, Tuesday, May 20, to speak in favor of ending that city’s contract with MRP.
The Richmond City Council is scheduled to decide tomorrow night whether to end a contract with Mortgage Resolution Partners (MRP). The vote could end the risky and self-defeating proposal to use eminent domain to acquire and refinance mortgages in Richmond. Please join us tomorrow at City Hall to encourage the council to take this necessary action.
With Richmond facing a projected operating deficit of 20 million dollars, we need to end this contract and move on. Approaching almost a year, MRP’s eminent domain scheme has yet to help a single homeowner. Considering the plan has already cost the city financially, it is time for the council to focus on other issues and explore other programs that could better assist homeowners struggling to pay their mortgages.
Help encourage city council members to terminate the contract with MRP. Join us tomorrow night at 8PM to end the risky eminent domain scheme once and for all.
What: Vote to terminate MRP Contract
When: May 20th 8PM
Where: Council Chambers, 450 Civic Center Plaza
Halfway To Concord has covered Richmond’s plan to employ eminent domain abuse against its homeowners since August 2013. Click on the link for more detail about the flawed Richmond plan.