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Mar 08 2010

Program to pay homeowners to sell at a loss

Posted by doris in America, Banking, Business, Economy, Failing, Financial, Foreclosure, Government, Home, Stimulus

Full Story at msnbc.com

NEW YORK – In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.

This entry was posted on Monday, March 8th, 2010 at 5:00 am and is filed under America, Banking, Business, Economy, Failing, Financial, Foreclosure, Government, Home, Stimulus. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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