Foreclosure moratorium

Latest Moratorium Extensions Are Two-Edged Sword

The new president is facing incoming fire from all directions. If he does not extend the moratorium on foreclosures and evictions, hundreds of thousands of people are going to be homeless. But the extension does not come without costs. https://www.marketplace.org/2021/01/25/biden-acts-on-evictions-foreclosures-but-long-term-housing-crisis-looms/ See also https://www.prnewswire.com/news-releases/black-knights-first-look-2020-ends-with-1-7-million-more-seriously-delinquent-homeowners-than-at-start-of-year-foreclosures-at-record-low-301211915.html * As you have seen on these pages, I am quite confident …

Latest Moratorium Extensions Are Two-Edged Sword Read More »

BEWARE: MORATORIUM ON FORECLOSURES MAY NOT STOP SALES OF THE PROPERTY

In a nutshell, moratoriums will do very little for homeowners or the courts. First unless a specific moratorium order states that it bars sales and evictions it is only the foreclosure action that is temporarily suspended. At some point in the near future, homelessness will spike because of a new tidal wave of foreclosures. Second …

BEWARE: MORATORIUM ON FORECLOSURES MAY NOT STOP SALES OF THE PROPERTY Read More »

Green Party Seeks Foreclosure Moratorium

Editorial Comment: I agree with everything they are saying but they have failed to grasp the points that would make such a moratorium justifiable — namely, as President Obama pointed out (only once that I know), they don’t who owns the loan receivable. The Green Party has a wide audience and they make a lot …

Green Party Seeks Foreclosure Moratorium Read More »

Scroll to Top