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Another Bailout but What About the Homeowners...

By
Real Estate Agent with Hudson Realty Executives SL3099118

Slippery when wet i'm very interested to see just what kind of details come forth on this proposal. So far everything i hear helps out the banks and lenders but i'm not really hearing anything about reworking loans for troubled homeowners to help them stay in their homes. We'll see where it goes by the end of the week but if there's nothing helping the homeowner i see this as another short term fix.

HOME PRICES

Experts say that the government's enormous plan to relieve Wall Street banks of their bad investments has a decent chance of stabilizing home prices, at least in theory. By buying troubled mortgage debt from major banks under the bailout plan, the government can help make more money available to borrowers - and hopefully at lower interest rates.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n3-092208.cfm

FEDERAL AID

The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy. It's a lot of money tucked into a three-page bill, and a Democratic effort to include homeowner protections may be added.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n1-092208.cfm

Naples Pier

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