Monday, October 24, 2011

Speed Up Foreclosures?????

***  Here is a dumb idea from Mitt Romney---throw more people out on the street by speeding up foreclosures. CSMonitor:

....In an interview published Tuesday ahead of presidential debate, Romney told Las Vegas Review Journal's editorial board that solving the foreclosure crisis would require letting banks proceed against homeowners who have defaulted on their mortgages. New investors could then rent out the homes until markets adjusted.

"As to what to do for the housing industry specifically and are there things that you can do to encourage housing: One is, don't try to stop the foreclosure process. Let it run its course and hit the bottom," Romney said....

Romney doesn't need to worry about being thrown out of his home because he owns so many of them.

Romney's suggestion to speed up foreclosures is similar to one proposed by Steve Stivers in 2008 when he was a state senator.


....State Senator Steve Stivers is set to unveil proposed legislation that would speed up the foreclosure process by allowing cities to go after property owners even if they don't owe the city money, NBC 4 reported....

Romney and Stivers must want more families living in cars and under bridges. Shame on them.