enthalpy

Thursday, March 11, 2010


The housing bubble burst and you can't sell your house for what you owe on it. Who is going to make up the difference? The government of course!
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.
Sounds like the administration's most aggressive attempts to buy some votes in the middle class.



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