Real estate blog entries tagged with rescue by Jona "The REO Man" from Kona (BOP)

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Home : Blogs : Jona "The REO Man" from Kona : Jona "The REO Man" from Kona's Blog : Tag "rescue"

rescue: Does this Federal Bail-Out plan affect foreclosures? - 10/03/08 05:12 PM

Does this Federal Bail-Out plan affect the number of foreclosures on the market? Is the plan going to help homeowners? Is this plan good for America?
From what I can see now, there are going to be some provisions in the bill that will help homeowners stay in their homes. Bankruptcy court judges will be able to adjust the interest rates for adjustable rate mortgages ensuring that the homeowner can pay the mortgage and subsequently prevent foreclosure.There will be another benefit from this bill and that is that the LIBOR will most likely go down in the next foreseeable future. About 50% … (2 comments)

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Jona "The REO Man" from Kona

Manhattan Beach, CA

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