President Bush signed a housing bill into law last week that is designed to assist borrowers facing foreclosure on their homes. What are some of the provisions of the bill?
--Congress will set up a special fund to assist owners in purchasing "For Sale" signs
--In the event of foreclosure, former owners maintain right to drive by and gaze longingly at their old homes
--Two thousand families displaced by foreclosure will be supplied with federally owned trailers, pending the eviction of Katrina victims
--Newly created "renting" provision enables those who are not financially prepared to own homes to have a place to live
8.21.2008
Compassionate Conservatism
For those not quite so elitist fortunate as John McCain, the federal government has enacted some legislation to help ease the pain of your mortgage woes...
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