Breitbart.tv » Governor Announces Plan To Stop Calif Foreclosures: "KOVR: The Republican administration on Wednesday announced a plan to encourage lenders to modify existing home loans as a way of keeping people out of foreclosure. The governor also proposed a 90-day moratorium for homeowners facing default on their loans. Lenders, however, would still be able to exempt themselves under certain circumstances."
----------------------
I think something has to be done at the bottom of the ladder.
1 comment:
Foreclosure moratoria and other mortgage workout and adjustment schemes have far better chances of success in a robust economy where borrowers incomes are less likely to be interrupted or reduced -- unlike in the current economic situation. For many homebuyers, they are likely to have little benefit at this point and over the near term.
Post a Comment