Coming off of my trip from San Diego, I stumbled across this article  that I thought was a practical joke, or an article out of the National Enquirer.  Once I realized it wasn’t a joke I was shocked and overcome with laughter.

San Diego City Attorney Michael Aguirre said on Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a “foreclosure sanctuary.”

Ok.  I am all for supporting the goal of helping homeowners keep their homes and decreasing unoccupied, bankowned properties but frankly, his approach is preposterous. When someone doesn’t pay their mortgage, the lender’s recourse is to foreclose. Take that away and NO lender will ever make a home loan.  What other option will they have to re-cooperate their losses?  What incentive would homeowners have to pay their loan down?