Las Vegas Foreclosures and HAMP

Do you think a government required ban on foreclosures is a good idea? How would this effect the Las Vegas real estate market? I would love to hear your feedback and reasoning. My own humble opinion is that like many of these programs, the theory behind it and the actual implementation and results will differ greatly. It could just prolong the agony … what do you think?

President Obama and his administration are floating an idea to prohibit lenders from foreclosing on a home unless the borrower has been considered for the government’s Home Affordable Modification Program (HAMP).

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