billerica real estate burlington real estate: New Housing Plan Released - 02/23/09 07:38 PM
On Tuesday, President Obama released his administration's new housing plan.  The plan is designed to slow foreclosures in an effort to stabilize the housing industry.  The following are the key points of this far reaching plan:
It aims to help 4 to 5 million responsible homeowners to refinance and to lower the risk of imminent default of another 3 million homeowners with $75 Billion Dollars.
Encourage mortgage holders to accept loan modifications to get the housing ratio for the borrower down to 38% through lowering the principal and or lowering their current rate.
The government will then may use tax payer's … (1 comments)

 
Edna & Andrew Chalmers, Thank you for working with us, we apprciate you! (EA Realty Team)

Edna & Andrew Chalmers

Thank you for working with us, we apprciate you!

Chelmsford, MA

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EA Realty Team

Address: 16 Ripley St, Chelmsford, MA, 01863

Office: (978) 439-5566

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