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Panel approves Easley's mortgage foreclosure plan

RALEIGH -- A plan designed to prevent some home foreclosures is moving forward in the North Carolina House. A House judiciary committee approved the plan Thursday. The vote sends the bill to an appropriations panel for more review. The proposal would give the banking commissioner more power to negotiate with mortgage providers and homeowners who are struggling to pay high-rate mortgages. The commissioner also would be allowed to pause foreclosure proceedings for one month. Gov. Mike Easley called on lawmakers to approve the plan earlier this week. He said the program may help 25,000 North Carolina homeowners keep their homes. The plan needs the approval of the full House and Senate before it can go to the governor. (Copyright 2008 by The Associated Press. All Rights Reserved.)

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How many are "friends"

How many "people" who are now in a spot to lose homes are not people but realtors who were trying to make a quick buck and now are stuck with how many houses in a flat market. It's one heck of alot.How many does Easley have?Or his friends? When the building was nuts houses had for sale signs on them as they were completed.Yet a person had not lived in them.The American Dream or I'll sell your american dream to you. Should they be bailed out? Gee sounds like the price of gas. Buy futures.The price goes up............until it pops. Exxon is not the young married couple.Nor are the "people" who for the most part will lose their home.Many have not had a soul in them.Just a realtor trying to make a quick buck and now have their pants around their ankles. Thank you