Housing And Economic Recovery Act
This bill went into effect on Oct1, 2008 this mortgage bail -out only helping families who are 90-days or less in default. This bill comes with some credit restriction, which could stop many homeowners from qualifying for this program. But, they will be able to get their loans reinstated or modify by contacting an housing counselor, there's still hope for homeowners who are 5-months or more in default or have an sales date coming up. They can also contact The Real Fresh Start Foundation at 708-296-9819 from 8:30-10:00 pm Monday- Friday.
This sounds like it will be helpful to people feeling the crunch of losing their homes. Let's hope that it will actually help save somebody's home. Thanks for the post Sonya.