After browsing through some editorials, I found one about giving Texas homeowners foreclosure safeguards. I would agree with some of what the author is saying in this editorial. In these bad times it is good to try to help homeowners keep their homes. The author is most likely targeting households that are facing foreclosure or those households that are very close to it.
I definitely agree that a 20-day notice period before a foreclosure is way too short for anything to happen. Most likely the homeowner would not be able to secure a loan within that short amount of time. It seems like Texas doesn't like to wait for very long before kicking someone out the house.
According to the author, Attorney General Greg Abbott has called for legislation to help homeowners keep their homes. The author has presented some data about bills that are being proposed to extend the foreclosure notice to 45 days. Also, there are some bills that would provide the members of the household 31 days to move out if the property is foreclosed.
I agree that the mortgage problems have contributed to the current recession. I believe that because people are spending money that they don't have on things that aren't really necessary. And because of all of this overspending, homeowners are racking up their debts and falling short on their mortgage payments.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment