Baltimore HUD Homes News

McCain and Obama differ on solutions, which could echo FDR’s during the Great Depression.

Stockton, Calif. Nick Terlouw sprays green paint from a garden hose as if he were watering the lawn. The browned-out grass, dead from neglect, turns golf-course luscious in less than 15 minutes. Then off to the next lawn for Mr. Terlouw, one of the few people in Stockton America’s foreclosure capital making serious green out of the bust.

Sometime soon, Terlouw may be visiting the homes of Kevin Smith and Eddie Chavez. These Stocktonians might be in the throes of foreclosure before the next president is sworn in.

Both candidates have ambitious plans for helping struggling homeowners like Mr. Smith and Mr. Chavez. But the candidates differ over how to get lenders to modify loans and over who should ultimately foot the bill for the losses.

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