Two New Band-Aids for Foreclosures in Progress
With our new President’s first day on the job fast approaching, Congress is quickly putting together two new bills in hopes to aid homeowners facing foreclosure. Word is that our new President will be approving the bills when they come his way.
The first bill would set aside a total of $40-100 billion towards helping homeowners in distress. The second of the bills would allow bankruptcy judges to have authority to actually redraft the term of bankrupt homeowner’s mortgages.
If you’d like to read more details on both bills San Diego Union Tribune wrote a great article on the proposed plans.
» Posted by Peter
