Relevant:
- As California Goes: Potential for Statewide Moratorium on Foreclosures Could Effectively End Them
- Put moratorium on foreclosures, state consumer coalition advises
- US Rep. Giffords seeks 90-day foreclosure moratorium in Arizona
- “Mish†Shedlock: California’s 90-Day Foreclosure Moratorium Will Accomplish Nothing… Supporters Disagree.
- Foreclosure abuse rampant across U.S., experts say
2010-10-04 — huffingtonpost.com
" Isn't it high time to admit that mortgage lending in the United States and the foreclosures that have followed are so tainted by fraud, abuse and illegality that a moratorium on all foreclosures, everywhere, is the only just response?"
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catherine at 00:18 2010-10-05 said:
OFFLMFAO, FORECLOSURES, hahahaha stop foreclosures??????? my question is: why are they still writing mortgages?? the values are dropping another 10-20% or more so every mortgage they write is a potential foreclosure......... unemployment is still dumping homeowners at a 450-500,000 clip a week. and halt all foreclosures???? are we going to halt all the entities that are holding those mortgage securities as their biggest investments??? no insurance, no pension payments, etc. foreclosures are not single items, they are stuck in every investment hole on the planet..............you just can't quit foreclosures without quitting everything they are tied to........ I have to ask, just who is in charge here???????? Permalinkmtpockets at 03:22 2010-10-05 said:
The real estate market will continue to decline until the foreclosures have taken place and are reduced to a sustainable level. Extending the time only prolongs the agony. The best thing to do is to accelerate the foreclosures not delay them. Permalinkcatherine at 03:32 2010-10-05 said:
The real estate market will continue to decline until the foreclosures have taken place and are reduced to a sustainable level. Extending the time only prolongs the agony. The best thing to do is to accelerate the foreclosures not delay them.AMEN rip that band-aid off! Permalink
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