It’s hard to keep track of all the nonsense on foreclosure moratorium’s these days. What is clear is that all layers of government are insistant on rewarding incompetence, and irresponsiblity, and punishing responsible taxpayers. The nationwide foreclosure moratorium may have ended, but don’t think for a minute we have moved any closer to a market based economy. Here is just a sample of the new ridiculous anti-market, anti affordable housing, anti taxpayer initiatives hitting the news lately.
- NEW California foreclosure moratorium starts today – In addition to the already lengthy time to evict a non paying home “owner”, the taxpayers are now on the hook to bailout the banks for an additional 3 months of free living to non paying home “owners”.
- Ohio House approves foreclosure moratorium – When the bill becomes law, homeowners across the state will be given the green light to pay only 50% of their mortgage bills, and stick the other half to taxpayers.
- Citizen revolt in New York demanding foreclosures to stop – There are obviously no responsible apartment renters anywhere in the protest, just plenty of bailout beggars following the queue from big banks, and big government.
- Boston City Council pushes for 6 month foreclosure moratorium – From the article, “the second petition would impose a 180-day moratorium on foreclosures for owners of some homes. The moratorium would be limited to borrowers whose loans were considered unfair.”
- Minnesota pushes for record breaking 2 years of foreclosure moratorium (HR2233) – From the link, “The foreclosure process shall be stayed effective as of the date of service of the notice of right to stay. The stay shall continue in effect for a period of two years from the date of service of the notice.”
- Maryland 90 day foreclosure moratorium