Read More: California Foreclosures, Foreclosure Crisis, Foreclosure, Loan Modifications, Riverside Foreclosure, Recession Housing, Recession Foreclosures, Housing Crisis, Business News
July foreclosure data reveals that California ranks highest in foreclosure in the nation. Government officials are currently proposing legislation offer alternatives to avoid foreclosure, like loan modifications and principal reductions, to homeowners.
Many bad decisions by the private sector contributed greatly to the Great Recession. However, a continued focus on punishment of private actors will do nothing constructive and must be resisted if we are to have a real recovery.