Ohio's foreclosure moritorium bill appears to be dying in the Senate after passing the House in May.
Ohio House of Representatives passed a bill in May that would have put together a six-month moritorium on foreclosures if the home-owner can pay up to one-half of the amount due.
WOSU’s Bill Cohen has a nice piece they distributed on their Web site today about where the bill stands.
Basically, it hit the Republican-led Senate and is just sitting there.
I’m very doubtful that this will pass for partisan reasons. While I feel for those that are behind on their mortgage payments, I see this as a lot of the “modification” plans that are available through the government. They sound really good from a podium but when it comes to actually put them in practice it just doesn’t achieve results.
