Senate Republicans have shown little interest in the Democrats’ moratorium bill, shelving it since it passed the House. Sen. John Carey, a southern Ohio Republican who heads the Finance Committee, where the moratorium bill is being considered, said calling timeout on all foreclosures is the wrong approach.
“I think it has the possibility of making things worse,” Carey said. “It may put people being foreclosed on in a deeper hole and seems to have a negative impact on the foreclosure process in terms of working things out.”
There are good companies out there actually trying to help people. But unfortunately there are also bad ones that are trying to take advantage of the situations. I purchased 2 foreclosures and have been happy with my purchases.