Foreclosures Rise in Third Quarter, Slump Continues

Oct. 13, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement on the increase in foreclosure filings in the third quarter to nearly 196,000:

“The truth is the rise in foreclosure filings is not surprising. These foreclosures would have already cleared had the government moratoria and foreclosure ‘prevention’ schemes at the federal, state and local level never been implemented. All they accomplished is slowing down the process and prolonging the housing downturn by almost a year, and thus the recession. In the meantime, they prevented younger homebuyers from entering the market, forestalling a recovery. Government needs to get out of the way once and for all and allow this process to work itself out.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at to arrange an interview with ALG President Bill Wilson.