$1.5 Billion For Struggling Homeowners
Will this work this time? I guess we will find out. I do like that it is targeting help for the unemployed. It targets states where the average price for all homes have fallen more than 20% from their peak. Of course Florida is one of them.
CNBC reported that the initiatives may include:
- Measures for unemployed homeowners;
- Programs to assist borrowers owing more than their home is now worth;
- Programs that help address challenges arising from second mortgages; or
- Other programs encouraging sustainable and affordable homeownership.