Archives by Tag ' Foreclosure moratorium '
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 […]
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 […]
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 […]


