Check out this link of interest. It shows other actions, outside of the first time homebuyer’s tax credit, that are being taken to shore up the foreclosure tidal wave everyone is fearing…this must be stopped, or the values could continue to drop, and lending only to become tighter…
The plan is not going to help those that were not being smart about what they were buying, or lending…that is good…if you were being stupid, there is no foreclosure protection for you is basically what the end states…
This will probably be the beginning of different things the Government will embark on to stop the foreclosure wave…it will not be the only step I am sure…
http://www.apnews.com/ap/db_6775/contentdetail.htm?contentguid=gluREL8h&src=cat&dbid=6775&dbname=Top+Stories&storycount=10&detailindex=2
Sincerely with PASSION!
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