I can't believe how out of touch I am. Tell me some more about the moratorium or pass me a link please.
http://cbs4.com/consumer/moratorium.foreclosure.crist.2.877124.html
Crist: Voluntary Moratorium On Foreclosures
Feeling that struggling homeowners deserve more time and compassion, Governor Charlie Crist has asked Florida banks to stop foreclosures and evictions through the holidays.
After meeting with banking officials last week, Crist unveiled his proposal Monday. The moratorium would be voluntary and would be in effect for 45 days. Crist hope the temporary freeze on foreclosures will keep homeowners in their homes during the holidays and will give them time to renegotiate with their lenders.
"I applaud these bankers and lenders for giving people hope during this challenging economic time," said Crist. "Struggling families and homeowners should rest easier during this holiday season, knowing that these lenders have heard the pleas of homeowners."
Crist said his proposal would focus on homeowners who are in dire situations.
"This is to help people who really need help. This is not for somebody who went and bought a bunch of condos in South Florida in the spec market, and as my friend Alex says all the time, they got a bunch of Lexuses in the driveway. This is to help people that are in a time of need.
This is for homesteaded property. People in a home that are providing a roof over their head for their kids and themselves," said Crist.
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Doesn't apply to investulators, so most foreclosures in the area will continue as normal.
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