Home for the Holidays: Florida Mulls Foreclosure Ban

Governor wants holiday moratorium
By Peter Fearon,  Newser Staff
Posted Nov 25, 2008 4:10 AM CST
A foreclosure sign is posted in front of a home in Miami. Gov. Charlie Crist is considering a moratorium on foreclosures in the state.   (Getty Images)
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(Newser) – Florida Gov. Charlie Crist is considering a Christmastime moratorium on home foreclosures similar to the 90-day halt urged by California Gov. Arnold Schwarzenegger, reports the Tallahassee Democrat. Crist is unsure whether he has the legal authority to impose a moratorium. He may have to negotiate a halt with the state's lenders.

"I want to be able to work with the banking industry and do it in a way that is not harmful to them," Crist told reporters. "We want them to continue to succeed, to continue to lend money, but we want to stop the foreclosures—especially during the holidays."