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Focus (Forum & Focus)

Mar. 17, 2009

Foreclosures Are Not the Only Remedy for Mortgage Failures

Using foreclosures for this mortgage mess is like cutting glass with a hammer.

FOCUS COLUMN

By Kit L. Knudsen and David H.S. Commins

Everybody is talking about whom to blame for, and how to save the economy from, the effects of mortgage syndication, but few are offering practical solutions to clean up the mess. While we try to find a way out, the nation has a glut of perfectly good property languishing in title limbo, deteriorating physically and depreciating in value; and many otherwise credit-worthy people suffer knocks o...

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