Comments on: Contra Costa Supervisors ask for Foreclosure Moratorium http://contracostashortsales.wordpress.com/2008/01/16/contra-costa-supervisors-ask-for-foreclosure-moratorium/ Your Foreclosure Avoidance and Short Sale Specialists . . . Thu, 20 Aug 2009 22:09:21 +0000 http://wordpress.com/ hourly 1 By: foreclosurefish http://contracostashortsales.wordpress.com/2008/01/16/contra-costa-supervisors-ask-for-foreclosure-moratorium/#comment-61 foreclosurefish Sun, 20 Jan 2008 00:52:01 +0000 http://contracostashortsales.wordpress.com/2008/01/16/contra-costa-supervisors-ask-for-foreclosure-moratorium/#comment-61 We're experiencing that many lenders are willing to work with homeowners, but only if they have some cash and a stable income to be able to make payments on a new plan or modification. And a few of them are willing to put the foreclosure process on hold for longer than 30 days or so, but six months is probably out of the question. If government really wanted to help homeowners, maybe all of the bureaucrats should take the next six months off and refund the unused property taxes collected to the homeowners. Keep the county treasurer open for a week to print out refund checks to anyone who wants to pick them up. That would be a real economic stimulus. Too bad my suggestion is just as voluntary (and unrealistic) as a six-month moratorium on foreclosures. We’re experiencing that many lenders are willing to work with homeowners, but only if they have some cash and a stable income to be able to make payments on a new plan or modification. And a few of them are willing to put the foreclosure process on hold for longer than 30 days or so, but six months is probably out of the question.

If government really wanted to help homeowners, maybe all of the bureaucrats should take the next six months off and refund the unused property taxes collected to the homeowners. Keep the county treasurer open for a week to print out refund checks to anyone who wants to pick them up. That would be a real economic stimulus.

Too bad my suggestion is just as voluntary (and unrealistic) as a six-month moratorium on foreclosures.

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