The Real Deal Miami

Obama seeks foreclosure halt

October 15, 2008 10:18AM

Sen. Barack Obama, the Democratic party nominee for president, on Tuesday called for a 90-day moratorium on foreclosures and a two-year tax break for businesses that create jobs as part of a plan to heal the nation’s ailing economy. He says banks that participate in the federal bailout should temporarily postpone foreclosures for families making good-faith efforts to pay their mortgage.