Moratorium on Foreclosures

A relief for those already stressed out over the foreclosure process.
It's sad to read that finally the government is finally stepping up.
The question is why did this happen and what happened to those groups
that were created to check this process.

As a Realtor I feel guilty but at the same time relieved.
When I joined the army of Realtors who jumped into the bandwagon
in 2003 I have no idea that it will come down to this. Although, I said
guilty, on my part I was making sure that my client was comfortable with the
payment till it goes to the regular interest. The rate though didn't go as planned
because it jumped from between 1% to 3% to around 5 1/2 to over 7%.
But that's beside the point we're trying to explain here. People should have finished
figuring this thing out.

The foreclosure process that they put a moratorium for is indicative of the detachment of this banks from the business they're in. They have been doing
this process for a long time, this is not the first time it happened, until now
the process still need to be adjusted. What a shame for banks to just rubber stamp these homes they're foreclosed. It was the cold, harsh reality of the business that these bankers do. No emotion, black and white, no pay, get back the homes. Shattering the dreams that a lot of people take a lifetime to build and just snatched in a flash.

The process will continue after they reviewed the procedures but that's beside the point. The dreams and lifestyles have been crushed. Lives have been disrupted. Routines changed, adjustments need to done but in the end life goes on...