Real Estate News and Updates For February (Continuation)
February 16, 2008 1:19 am News & Updates
The number of troubled loans continues to increase despite the efforts from the government to make loans cost efficient or what not. Home equity during the end of last year dropped to 49.7%.
The bush administration has said that they are reluctant to utilize taxpayer’s money for them to help homeowners in their problems, as this may cause frustration and outrage to other taxpayers that are not experiencing the same situation of the majority.
We could only hope that the platforms of the Democrats and the Republicans include a solution to this impending problem. But for now, and adding the current recession, we could only wait and do save up for the following months are really uncertain.