CNN reported this morning that the Senate worked on a Saturday to reach a compromise on President Obama’s stimulus package. As originally written the package contained a foreclosure fix: letting bankruptcy judges modify mortgages. Today’s package lives on without any help at all for a family about to lose their home.
But, if the stimulus package does pass, the next thing on the Senate’s agenda is supposed to be the “Helping Families Save Their Homes in Bankruptcy Act of 2009.” Hopefully that will be soon.
Most objective observers see the housing crash and foreclosure mess as a leading factor in the economy’s woes. One would think, therefore, that some form of foreclosure relief would be first on the agenda; not second. But, I guess that’s not the way our government sees things, and those of us committed to helping people stay in their homes look for other alternatives and keep our fingers crossed for passage of this bill.