Bailout Plan may provide relief

 November 3, 2008

Chris Krehmeyer from Beyond Housing was quoted in a article from the St. Louis Post-Dispatch this Sunday on whether a chunk of the $700 billion Wall Street rescue plan will provide relief for local homeowners.

You can read the entire article here.

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One Response to Bailout Plan may provide relief

  1. bobrey00 says:

    Makes sense to do loan modification with borrowers to lower payments and mortgage
    to reflect current value. The loss is there either way. If borrower makes payment on time for a year the banks will have a performing asset that can than be sold, most likely end less of loss if they foreclose and would help stem clut of vacant foreclosures

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