Eminent domain is the right of a government or it's agentto expropriateprivate property for public use, with payment for compensation. Gayle Mclaughlin, mayor of Richmond, California, uses Eminent...

Eminent domain is the right of a government or it's agentto expropriateprivate property for public use, with payment for compensation. Gayle Mclaughlin, mayor of Richmond, California, uses Eminent domain to help bail out homeowners. She used the power of eminent domain by buying out and then forgiving mortgage debt. Financial institutions have warned that mortgage lending would halt in any city that tried Eminent domain. The banks think that the idea is actually to buy mortgages not houses. The government being able to take private property and use it for other private use is not necessary. I understand the government take private property for public use.