From Callahan’s Cleveland Diary A Must Read

The most important blog post of the day – Bill Callahan on the flaw in the foreclosure compromise bill.  The bill grants counseling for people in foreclosure, but fails to provide real relief to homeowners attempting to keep their homes in bankruptcy.  Bankruptcy judges can restructure or defer payments on second homes, boats or farms but they cannot restructure or defer loans on the homes people actually live in.

No amount of counseling can help people in foreclosure without this type of relief.

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  1. Trackback: links for 2008-04-04 | The BFD on Brewed Fresh Daily

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