Desperate Homeowners Call For Moratorium on Foreclosures

"Nearly 5,000 foreclosed homes were scheduled for auction in 2008 on Long Island alone. With that number likely on the rise in 2009, dozens of families, including some who believe they fell victim to "predatory lenders," rallied on the steps of the county's Supreme Court building Jan. 13, calling for an end to weekly foreclosure auctions and a moratorium on all home foreclosures in New York State to enable residents a grace period to seek refinancing options."