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How the Housing Bill Can Help You

July 23, 2008 - by Donny Shaw

Most of the focus lately on this bill has been on the Fannie and Freddie bailout, but CNN reminds us that its main purpose is to help people who are facing foreclosures. Here’s their guide to what homeowners need to know about using the bill to help them keep their houses.

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Comments

  • sal1960 07/24/2008 7:05am

    I am currently going through the foreclosure process due to the lender not negotiating with me. They state that the investor does not allow loan modification on this loan. Does this bill still apply, and are they required by law now to negotiate with me?

  • Anonymous 07/25/2008 5:38pm

    You are NOT going through foreclosure because the lender will not negotiate your terms. Did they tell you they would re-negotiate your terms if you got in over your head when you signed the mortgage? Most people foreclose because they buy too much house or have a high consumption lifestyle.

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