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.


1 Comment (+add yours?)

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: