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Feb 12 - Top lenders and Bush Administration outline plan for pause in mortgage foreclosures. Lenders said they do not foresee an open-ended freeze on foreclosure proceedings but would offer borrowers a reasonable grace period.Deborah Lutterbeck reports.

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This whole ... ( 9 months ago by lawbeat3)

This whole foreclosure crisis is based on the ignorance of the people. I know people who've educated themselves enough in law to save their homes just by knowing how to address and attack the process used against them in court. It's almost "easy." There was a group on the west coast doing it a ton a year ago, and now there are groups on the east coast doing it...very successfully. No one has to lose their home, EVER...it's a disgusting shame. But this is what happens in an ignorant country.

The newly elected ... ( 3 days ago by ciro9)

The newly elected President Barack Obama could enact(once he takes office)to federally mandate long term loan modification's (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year's, depending on income. Leaving it up to the bank's to do this is akin to putting the fox in the hen house to protect them.