Delaying foreclosure process, smart or not so much?


Rep. Maxine Waters, D-Calif. wants to pass a bill that will end up delaying the foreclosure process

Truth be told, I am not a huge fan of Rep Waters. In fact, if you look back on her political history, a whole lot of what got us in trouble last time can be laid at her feet. Now she wants to make it harder to work through foreclosures that relate to FHA. Of course, you can bet she will try to have that apply to Fanny and Freddie as well – which accounts for the vast majority of loans out there. This could be a really bad thing and we will chat about its likely effects.

Plus, we cover some of the latest news relating to home prices, bidding wars and how half the markets out there are going nuts!

 

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