Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (47015)	9/16/2008 1:16:14 PM
From: puborectalis	Respond to of 224729

The task force chosen by Gov. Ted Strickland is expected to adopt the strategies laid out to combat the foreclosure situation. Ohio stands at the third position next to California and Florida in the foreclosure listings. It had near about 44,594 foreclosed properties in the initial six months of the year 2007. A panel consisting of government as well as non government officials conducted extensive discussions on how to overcome the rising foreclosure activities that is badly hitting the economy of the nation. From the beginning of 1999 onwards, Ohio has been witnessing a real high rate of foreclosure. The foreclosure activities in Ohio are greater than the average of the nation. The task force will call the mortgage lenders to modify the rates of interest and make then fixed rather than adjustable. Also the lenders will be asked to provide the borrowers with a minimum of 90 days notice before increasing the rate of interest on the total sum.