Government to Start Making House Payments for People?
Last year I had joked that this would happen, but never thought I would see it.
http://www.reuters.com/article/wtUSI...29265720090714
Quote:
NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.
Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.
Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.
|
__________________
"I want to stand as close to the edge as I can without going over. Out on the edge you see all the kinds of things you can't see from the center." - Kurt Vonnegut
"We are what we repeatedly do. Excellence, therefore, is not an act, but a habit."-- Aristotle
"Losers make excuses, winners make it happen!"
http://www.thepensiveprogrammer.com/ Check out iAutoCalc!
|
Linear Mode
