Printer-Friendly
Email this Story
Post a Comment (0)
Squatting in Your Own Home
The foreclosure process, at least in Florida, is apparently taken a very long time! Can you be a squatter in your own home?
There has been some pick up in activity over the last month. And, heaven knows, we're not in as bad a shape as Florida. But no one should believe that the real estate slump is over just yet. 2008 promises to continue to be a tough one for sellers and a good one for buyers.
And, in other foreclosure news around the country, my home state of Minnesota looks set to pass a bill that would stall foreclosure for homeowners for one year to give them time to work out an arrangement with their lenders.
I don't expect this will be a cure for what ails us. But I applaud the fact that they've recognized the extent of the problem and the ripple effects to the economy. Doesn't it just delay the pain, as some analysts are suggesting? Maybe, but some of those homeowners, given a year's grace will be able to figure out a way to keep their homes.
The fewer foreclosures the better! (Unless, of course, you're a buyer looking for a bargain!)
You must be logged in to post a comment.