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Phone: 785-BY-HOUSE
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Friday, February 20th, 2009 at 8:11am.3364 Views, 8 Comments.
The Disturbing Reality of President Obama's Foreclosure Bill/Policy
[for the full editorial by Wall Street Journal click here]
Re-default rates are 55% after six months
SEE BOTTOM OF PAGE FOR THE ARLINGTON FORECLOSURE LISTINGS FOR SALE
President Obama yesterday announced his plan to prevent home
foreclosures, saying he wanted to be "very clear about what this plan
will not do: It will not rescue the unscrupulous or irresponsible by
throwing good taxpayer money after bad loans . . . And it will not
reward folks who bought homes they knew from the beginning they would
never be able to afford."
AP
"We really do wish he were right. In fact, the details released
yesterday suggest the President's plan will do all of the above. The
plan will…
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