The Home Front

Congresswoman to Owners Facing Foreclosure: Stay in Your Home

By Luke Mullins

Posted: February 2, 2009

In an unconventional approach to tackling the housing crisis, Rep. Marcy Kaptur, a democrat from Ohio, is reportedly telling troubled homeowners to exercise squatter's rights in the hopes of keeping their properties.

From the Toledo Blade:

"I'm saying to them possession is 99 percent of the law; you stay in your house," Miss Kaptur said yesterday, continuing a crusade she started several weeks ago in Congress and CNN picked up Thursday night...

She urged homeowners not to panic and leave their home just because they receive a foreclosure notice from their lender, and she said they should demand that the mortgage-holder produce a mortgage audit.

"I say to the American people, you be squatters in your own homes. Don't you leave," she said during a speech in Congress earlier this month.

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The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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