Just a quick note to let you know that I am following this announcement from last week that the government will begin to bailout homeowners who can afford the home, but are under water and cannot refinance.
And, based on my experience talking to folks here in metro Atlanta, there are lots of people in this position. So, potentially, it could be a good thing. (Taxpayer dollars aside, it could be good for those individuals who are stuck and cannot refinance, I mean).
So far, the plan is heavy on hope but light on details. As I get more, I will post the guidelines or perameters for these refinances here.
Related posts:
