I read the article on my homepage about the house in Maine that started the foreclosure freeze. I found it interesting reading. Of course, the fact that I too have been affected by the foreclosure frenzy, may have a little to do with it…ok a lot.
The fact of the matter is foreclosures have reached a ridiculous level and something needs to be done. In my county alone, 175 houses are auctioned every two weeks. That’s one county, in one state. There are so many questions I ask but the most prevalent one in my mind is…why aren’t the banks willing to work with the owners to help keep them in their homes?
The rules need to be adjusted. Not by government regulations but by real people dealing face to face with other real people. That’s just good business.