The news has blossomed recently on the ongoing “mortgage mess” — and there’s plenty of related news at the same time:
- Atty. Gen. Martha Coakley is asking for state-wide moratorium on foreclosures
- Other state attorneys general are doing the same
- Mass. is getting $61 million as part of the new Dodd-Frank bill to help unemployed homeonwers with $50K interest-free loans.
- In Congress, lawmakers are pressuring the Justice Dept. to look into banks’ foreclosure practices
So what do you think? Is this election year hijinks? Or real trouble for banks/lender? How do you think it will affect local real estate trends? Let me know.