Hopefully by now all of you are updated on the Obama’s newest bailout plan for homeowners underwater because of their bank loan. Some home owners have also been put into an interesting position because of the consistently dropping home prices. This could be the right time to refinance! I read an article this morning in CNN Money and it shed some light on the subject. The article is titled “Underwater owners get promise of help” and was written by Ryan Derousseau.
These banks have decided to help those home owners … (2 comments)
The good news continues and I’m feeling more and more confident about the housing market by the day. Two fantastic pieces of news fell into my lap this morning that have me feeling very hopeful… We all know that banks, especially in this past year, have not been doing their due diligence toward their borrowers and potential borrowers. These two articles are the latest updates about banks moving forward to try and fix the problems they’ve caused for many homeowners and first time homebuyers. The … (0 comments)
Remember way back when in 2008 when the banks were performing abusive and negligent foreclosure practices? Well reparations have begun friends. This new article on CNN Money tells all. Under a new deal announced on Thursday the “banks will commit $26 billion to help underwater homeowners” and this money will also compensate those who had to give up their homes because of the banks’ improper foreclosure practices. As a part of this deal, banks have also agreed to change how they handle … (0 comments)
Banks' New Plan for Relief
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