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Aaron Kinn | Blog

Thursday, September 15, 2011   /   by Aaron Kinn

Housing market: Foreclosures to the rescue!

Tami Luhby from CNN Money has some great insights for the foreclosure process. Here's a quick recap from her latest article on CNN Money...

"If the Obama administration really wants to save the housing market, it should speed up the foreclosure process -- not prolong the inevitable, experts say.

Four years into the housing crisis, the real estate market is still teetering on the edge. The Obama administration has tried one program after another to stem the tide of foreclosures with limited success. And it is continuing to look for ways "to ease the burden on struggling homeowners," though no new initiative is imminent, the White House said this week.

But some housing experts argue that the administration should go in a different direction than it has in the past. Instead, they say it's time to focus on pushing many of those delinquent borrowers through the foreclosure process and putting foreclosed properties back into use.

While some of the 2.2 million loans in foreclosure can sti ...

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