I sat through a relief from stay calendar in San Jose this week: 63 houses, in that courtroom, headed for foreclosure. Down the hall, a like number of houses went down in flames. This scene is repeated each week in bankruptcy courts around the Bay Area.
When is judicial mortgage modification going to get some urgency for the Congress and President Obama? So, they thought it was too divisive to include in the stimulus package and might detract from bi partisan support. Just how much bipartisan support are you seeing with this provision out of the bill?
This attack on the foreclosure crisis costs the taxpayers nothing, benefits real, live people immediately, and only recognizes (but does not cause) the loss the banks have already incurred.
Join me in pushing Congress to get going on enacting mortgage modification.
by CATHY MORAN
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment