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Phil Sharp Broker/Retired Army 360-970-9977

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Foreclosure Freeze, Hurt or Help?

Foreclosure Moratorium, Will a Foreclosure Freeze Help or Hurt?

Foreclosure Homes in Fort Lewis JBLM Real EstateNo Foreclosure Moratorium Yet...State Attorneys General Puts Lenders On Notice:

All 50 State Attorneys General today put the lending industry on notice that they will not tolerate unlawful foreclosure activities, but stopped short of a foreclosure moratorium. Some lenders have imposed a self regulated moratorium on foreclosures in response to claims of improprieties in the process.

The actions of the Attorneys General do not constitute a foreclosure moratorium, and none of the states have imposed one. The White House has even gone on record as being against a foreclosure moratorium, saying that many foreclosures are being processed legally.


Regardless of state or federal action, it appears that a contraction in the system will probably prolong the housing slowdown, and the economic recovery. While distressed home owners may remain in their homes a little longer, foreclosures will continue... Read More about a possible foreclosure moratorium at the JBLM Real Estate Guide.

Get Started Here - Fort Lewis Home Buyers Toolbox & First Time Home Buyer Education

Meet Team Mike

Jen Britt | NMLS 1396963
Processing Team Lead

Amber Scott | NMLS 1078104
Processor

Dustin Bennight | NMLS 1656757
Junior Loan Officer

Kyle Weston |NMLS 1665579
Pre-Approval Coordinator

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