Documents/ChangeGov/4: Economy/4.13: Foreclosure Moratorium

4.13: Foreclosure Moratorium

Enact a 90-day foreclosure moratorium for homeowners who are acting in good faith.

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Financial institutions that participate in the financial rescue plan should be required to adhere to a homeowner's code of conduct, including a 90-day foreclosure moratorium for any homeowners living in their homes who are making good faith efforts to pay their mortgages. This will help create stability until the more far-reaching solutions are implemented and give both sides a chance to work out an agreement.

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