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Title:
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Authorizing the Council Committee on Housing, Neighborhood Development and the Homeless to hold hearings on the problems of foreclosures in Philadelphia and the extent to which sub-prime mortgages contribute to this problem and further investigating the possibility of imposing a Moratorium on Sherriff's Sales on those foreclosures resulting from sub-prime mortgages, and other mechanisms for protecting homeowners from homelessness.
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Action text:
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A motion was made by Councilmember Jones that this matter be Introduced. The motion carried unanimously.
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