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Moratorium on foreclosures passes first hurdle

By staff |
February 11, 2010
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Supporters of  Moratorium on foreclosures gather before House hearing.
Supporters of Moratorium on foreclosures gather before House hearing. (Fight Back! News/Staff)

St. Paul, MN - A bill that places a moratorium on home foreclosures and brings a halt to the eviction of tenants from foreclosed buildings got through the Minnesota State House of Representatives Housing Policy and Finance and Public Health Finance Division, Feb. 9. The moratorium bill will now proceed to the House Commerce Committee. It is expected that Senate hearings on the bill will be announced in coming days.

Republicans pulled a parliamentary move, right before the vote, to have the bill forwarded to the Commerce Committee “without recommendation.” The main excuse offered was that some members missed the Jan. 28 two-hour pre-session hearing that was devoted solely to the bill.

“This is a real victory,” stated Linden Gawboy of the Minnesota Coalition for a People’s Bailout, the group brought the bill to legislators. “This is the start of a serious debate on the foreclosure crisis in Minnesota. Lobbyists for the bankers are running around the capitol to oppose us. We will not rest until there is a moratorium in place.”