Two Lenders Halt New Foreclosures For 45 Days

Florida Foreclosure  The Florida Bankers Association and the Florida Credit Union  League voluntarily agree not to file new foreclosure petitions on primary homes for the next 45 days.
by The Associated Press
Published: Mon, December 01, 2008 - 11:52 am CST
TALLAHASSEE, Fla. (AP) - Two groups of Florida lenders will
voluntarily agree not to file new foreclosure petitions on primary
homes for the next 45 days.
The Florida Bankers Association and the Florida Credit Union
League made the announcement Monday in a press conference with Gov.
Charlie Crist. They also volunteered not to schedule foreclosure
sales during that period.
Florida has the country's third highest foreclosure rate, and
the grace period is a recognition of tough economic times. It
doesn't affect foreclosure proceedings that have already begun and
doesn't apply to businesses or second homes.
Florida Bankers Association President Alex Sanchez encouraged
anyone who is having trouble paying their mortgage to meet with
their banker to try to work out a repayment plan.

(Copyright 2008 by The Associated Press. All Rights Reserved.)
Email a Friend Email to a Friend   
Printer Friendly Printer Friendly
Translate: » Spanish | French | German | Italian | Japanese | Chinese | Russian | Hindi

I agree…and I think I am about to feel the pain.

i just heard alabama has one of the easiest foreclosure laws in the country.  that is so sad. if banks and lenders would only work with home owners it would save the tax payers a lot of money. some income coming in from a home is better than the house just setting there. i would never buy a forclosed home. it would haunt me.

Recently Commented On

Fairhope Standoff Situation…

27 Total Comments
Fairhope Standoff Situation Over at Ravenite Pizzeria Breaking News Standoff situation at the Ravenite Pizzeria… more »

Who’s Hiring Along the…

1 Total Comments
Who’s Hiring Along the Gulf Coast? With recent news of job losses, we wanted to know which… more »

Woman Steals Ambulance, Police…

2 Total Comments
Woman Steals Ambulance, Police Fire Shots The Mobile Police Department is conducting an internal investigation… more »

Mobile Motorcycle Officer Hurt…

3 Total Comments
Mobile Motorcycle Officer Hurt in Accident Officer is a five year veteran. more »

Reading Proves Difficult For…

11 Total Comments
Reading Proves Difficult For AL Students Analysis of the Alabama High School Grad Exam shows that… more »