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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Finger in the dike.... Posted by SSinOC on February 26, 2010 at 4:15 PM In Reply to: Re: More govmt interference with foreclosures may be coming. posted by BCA on February 25, 2010 at 10:24 PM The government is just trying to slow down the foreclosure tsunami with a move like this. Heck, it might be an excuse for them to check on who actually holds the paper? If they can't determine that then the property becomes "shadow inventory" rather than foreclosing. That way they avoid further law suits by those sold bogus paper. With unemployment, job downsizing, tight credit and people generally strapped it's going to be tough to hold on to what you have no matter what kind of government modification carrot there is. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : The government is just trying to slow down the foreclosure tsunami with a move like this. Heck, it might be an excuse for them to check on who actually holds the paper? If they can't determine that then the property becomes "shadow inventory" rather than foreclosing. That way they avoid further law suits by those sold bogus paper. With unemployment, job downsizing, tight credit and people generally strapped it's going to be tough to hold on to what you have no matter what kind of government modification carrot there is. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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