Well lookie here… Can it be true??? A two year moratorium on foreclosures???
A positive bank article on 4closureFraud.org???
M&I Extends Foreclosure Moratorium
Marshall & Ilsley Corp. has extended a moratorium on home foreclosures that has been in place since December 2008 through Sept. 30, 2010.
The moratorium is on all owner-occupied residential loans for customers who agree to work in good faith to reach a repayment agreement, M&I said.
Milwaukee-based M&I (NYSE: MI) runs assistance programs for potentially distressed homeowners the bank identifies in advance. The bank also offers a foreclosure abatement program that includes refinancing options such as term extensions and reduced rates that can be used to reduce monthly payments.