Clearing Title

More on the Philadelphia Foreclosure Moratorium. The Philadelphia Business Journal (paid) is reporting that:

….[the] foreclosure steering committee that includes lawyers representing lenders and homeowners as well as social service agencies, said owner-occupied residential properties will not be sold at the May sheriff’s sale. But all other properties will proceed to a sale. The owner-occupied properties will be put on a special track intended to help borrowers with free legal advice and housing counseling.

A novel approach to avoid saving investors and speculators.  Should be interesting to see how it works.