Government Help For Homeowners
Are You Losing Your Home?
Are You Behind On Your Mortgage Payments?
Are you waiting for the Government Bailout to Save You?
As of Thursday October 30th 2008 according to several sources a program to help homeowners to avoid foreclosure. .unfortunately to say, the mortgage program still faces resistance from the White House. A spokesman for President Bush said Wednesday night that the administration was analyzing various proposals.
No decision yet. .
"We have been reviewing a number of housing proposals for some time, and no decisions have been made on any of them. Any inference that we’re 'nearing’ a decision on any one of them is simply wrong," White House spokesman Tony Fratto said
Where is that leaving you?
If you are behind on your mortgage payments, these news aren't encouraging. .
The good news is that they will HAVE to come up with something. . . news about the bailout plan paying for the banker's bonuses and Christmas parties is not good PR for them.
They are feeling guilty. .
The reality is that whatever they are going to come upo with . .will be a watered version what most people are expecting.
At this point, anything is better than what we have.