Quote:
Originally Posted by Tyrone Slothrop
For most of us, the problem is that the uncertainty that this creates for properties in foreclosure is going to slow the recovery from the housing troubles.
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This is true and another issue.
I suspect that the moratorium will end pretty quickly in a significant number of states--probably including ones with a high volume of foreclosures, but lesser procedural hurdles for foreclosure sales. Most states east of the Mississippi will likely take longer to sort out, and I could see Ohio frozen until next summer.
