From Name:
From Email:
To Name:
To Email:

Optional Message:

Rep. Neugebauer: Let foreclosures occur

from Abilene Reporter-News

Abilene Rep. Randy Neugebauer said that letting the housing market bottom out and then start coming back will help remedy the budget woes of state and local governments. But the markets won't come back as long as there's a huge inventory of housing that no one knows what to do with, Neugebauer said Monday in Washington at a conference on housing finance reform. "A lot of these people — if they're not making their mortgage payment, they're probably not paying their taxes, either," said the Lubbock Republican, a former banker. "So it's a compounding impact." more

Powered by MultiBriefs
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063