Foreclosure help may be on the way, or will it?

The Nevada legislature has finally decided to become concerned about the rising rate of foreclosures. Its not surprising that State republicans are against doing anything. State Senator Warren Hardy, (R) Las Vegas, said, "What obligation does the legislature have to step in and protect them? It's just investors like Wall Street." Apparently Senator Hardy is severly out of touch. He thinks that it mostly investors losing their shirts with foreclosure. I wonder how many of his constituents are in foreclosure? Unfortunately, the interim solution seems to be a bust. At a cost of $400,000 per year, the legislature is proposing to put up an 800 line so people facing foreclosure have a resource to call.

Of course, this is just a preliminary plan and there is no discussion of how to pay for it. It will be discussed more next month. -Charles