Government Bailout

Does anyone have a clear understanding of how the goverment mortgage bailout will actually help homeowners in default. Who would qualify? If a homeowner is delinquent, credit is shot, how is this poor guy going to be helped?



THX



Steve

Comments(3)

  • cjmazur27th July, 2008

    I wanted to read the law, or an executive summary, but I have not found one yet.

    the sound bites have been "enable them to refi there home"

  • invstbiker27th July, 2008

    Will be interesting to see how this plays out...

  • dirtman8927th July, 2008

    Or the 3.9bil to be used to revitalize troubled neighborhoods. How do we tap into that?

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