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.

I should add that part of the townhome "features" is that they rip out all carpeting and repaint the walls prior to new tenants.

v=43PcX9rI0Ro&feature=player_embeddedUse this one at your own risk....lol

v=y8HeJuBcI3Y&feature=player_embedded Here is a similar mistake that Fox admitted making when they used footage from a 2008 Palin rally during a segment on a Palin book signing stop...Fox apologized for this as well: http://thinkprogress.org/2009/11/18/fox-crowd-shot-palin/ Here is Fox News doing the same thing with poll data graphics and the discussion around it.

Isn't unemployment above 12%?

It's a topic I didn't know much about and wanted to learn more.Hope you enjoy.http://www.thenorrisgroup.com/blog/video-blog/the-norris-group-vlog-mold-featuring-julie-crittenden/Things I Learned:* No need to be freaked out by mold* Where to look for it* The difference between the mold* When to hire a professional* How NOT to get rid of mold* The CLUE report* The process of remediation

Unemployment up, thousands stranded in UK and Scandanavia dur to Iceland volcanic ash.

Making a joke that the amatuer gardeners are probably going to loose interest really quickly when they discover it is work to grow plants.It's a time honored tradition to grow a victory garden in hard times, and it does help the budget somewhat.I just thought it was interesting that so many people had the same idea to grow food, when they must have never had the idea before.Or maybe they did and now they have time because they are unemployed.

With high vacancy and unemployment, it might take a while to find a tenant.

Even if you deal with foreclosure, divorce and losing your job and being unemployed for over a year all at the same time as I did, the decisions that brought you to that place are yours to own.