Law Practice
Feb. 24, 2009
Does Obama's Foreclosure Plan Bypass the Golden State?
The nation's largest mortgage market may feel little impact from President Obama's foreclosure bailout, columnist Martin Berg finds.
Martin Berg
Daily Journal Staff Writer
What if they came up with a plan to tackle the foreclosure mess, but didn't invite California? As it stands now, the nation's largest mortgage market is largely excluded from key aspects of the Obama administration's ambitious $75 billion plan to keep between 7 million and 9 million people from losing their homes. Because of the high cost of California real estate, as well as the steep drop in prices here, mo...
Daily Journal Staff Writer
What if they came up with a plan to tackle the foreclosure mess, but didn't invite California? As it stands now, the nation's largest mortgage market is largely excluded from key aspects of the Obama administration's ambitious $75 billion plan to keep between 7 million and 9 million people from losing their homes. Because of the high cost of California real estate, as well as the steep drop in prices here, mo...
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