Time to Help Homeowners |
Feb. 17, 2009
Categorized in: Real Estate Legislation
The Huffington Post's lead story today is a suggestion that it's past time for the government to pay less attention to helping banks and more to helping homeowners.
The story is dead on in its cataloging of the ill effects of foreclosures on the rest of the economy.
And, if there were no foreclosures the banks would not be in trouble in the first place!!
I'm stilling trying to figure out why this hasn't sunk in to anyone but Sheila Bair at the FDIC.
I'd also like to know when Virginia will adopt the Philadelphia Residential Mortgage Foreclosure Diversion Program.
If tomorrow's announcement by the President isn't "good and solid and big and bold" I hope homeowners everywhere scream bloody murder!
