I moved to SD from Philly about a year ago (don’t worry, renting), so the result of this overly bold maneuver may affect the welfare of my friends and family who reside there.
It seems that most of these foreclosures are doomed for eventual sale anyway, so isn’t it just postponing the inevitable? And when this “unspecified period” ends, is there going to be a huge flood of foreclosures that have been backed up the entire time? Unconstitutional or not, this order doesn’t seem to help borrowers or lenders in the long run. It’s like putting a band-aid on a volcano.
Please enlighten me if I am thinking incorrectly; I am not very experienced in this field.
