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Harsher Treatment Urged for Homeowners: Study

{ Submitted by wesler1 on Sun, 2012-08-26 21:01 }
According Mary Ellen Podmolik (Chicago Tribune), a new study by researchers at Freddie Mac and Fannie Mae suggests harsher treatment for families facing foreclosure would be best for the the rest of us. The rules as they stand now are fairly harsh already. The new study concludes this isn't enough, as many families manage to remain in their homes for extended periods. Some manage to avoid foreclosure entirely. The study's authors want the rules tightened to make it more difficult for families to keep their homes. This depresses property values, according to the study. The North Side Greens have been critical of existing practices. Greens believe foreclosures should be a rarity.