Mortgage Payment Revolt in Philly

From Reuters last Friday:

PHILADELPHIA (Reuters) - Authorities in Philadelphia will suspend foreclosure sales of homes whose owners have fallen behind on adjustable-rate subprime loan payments — potential relief for tens of thousands of struggling debtors.
Sheriff John Green said on Friday he would halt sales of foreclosed properties in April and would seek a court order extending a moratorium for an unspecified period….
Original Source: housingdoom.com

  30 March, 2008| housingblogs | @ 8:01

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