Florida’s bankers and credit unions announced this month that they’d suspend foreclosing on homeowners for the next 45 days.
Gov. Charlie Crist called a press conference to announce the halt in foreclosures, but neither he nor the president of the Florida Bankers Association, Alex Sanchez, could say how many people this could help.
The halt in foreclosures, however, wouldn’t help the 444,000 property owners who are in the process of being foreclosed upon. Florida has the third-highest foreclosure rate in the nation.
Crist, who said last week that he would consider issuing an executive order halting foreclosures, said this moratorium would only cover homeowners with a homesteaded property who need the help.