Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.

Can you just go in and inspectthe property (announced of course)?

My post announcing my new membership and asking a question about Birdogging/wholeselling was deleted from the the starting out forum.

They give substantial weight when applying for the bridge financing to complete the deal.LIHTC's aren't the only tax credit's available- Although not advertised or announced to the public, most every municipality has an allotment of tax credits to distribute for many different reasons.

When the Fed announces it has raised or lowered interest rates for whatever reason, this coupled with the aimless giving away of TARP funds is supposed to save the most complex economic system known to man????

OK, the "report abuse" function failed to work properly with Internet Explorer browsers, but that has been corrected according to Josh Dorkin; so now, there are no more excuses for allowing crap onto any forum you are reading.End of the rant.My next post is going onto Josh's post where he announced the fix for the "report abuse" function, since this was an issue I did report to him, and he deserves thanks for being kind enough to fix it.

http://finance.yahoo.com/news/BP-announces-giant-oil-find-apf-2273328778.html?

It must also have some factor that limits the supply.Another good land investment is a parcel just beyond utilities, where it has been announced that utilities are going in, but only in a town with rapid expansion.An uncle of mine made multiple millions in Las Vegs in the 1950's simply by going down to the county to see where water lines were scheduled.

Dubai which until recently was one of the richest emirate in the Persian gulf announced that they are declaring debt standstill for six months.

All announcements were in FIVE languages.