Advocating on Behalf of the American Military and Defense on the War on Terror

** FILE ** A foreclosure sign sits outside a home for sale in Phoenix, Tuesday, Feb. 17, 2009. (AP Photo/Ross D. Franklin)

Failure to foreclose holds back real estate rebound

 

Policies to protect struggling homeowners from foreclosure in the District of Columbia, Maryland and other jurisdictions have offered “fool’s gold,” in the words of one top analyst, and they are holding back a real estate rebound, even as the U.S. housing market begins to roar, or at least growl, across the country.