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http://pamjoanna1.wordpress.com/2008/07/28/foreclosure-hope-in-sight/

There may be HOPE for some troubled homeowners out there, I'm learning the newly proposed housing rescue bill is aimed at helping homeowners avoid foreclosure and at the same time supporting Fannie Mae and Freddie Mac.

If the bill is signed it will come into effect Oct 1st 2008. At risk borrowers will be able to refinance their unaffordable mortgages into new low cost fixed rate loans insured by FHA. This bill may be able to help as many as 1-2 million borrowers

Posted by Pam and Joanna on 07/28/2008 04:12 PM

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Pam and Joanna

San Diego, CA

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