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Recent Real Estate News

States: Let taxpayers cover your mortgage, CNNMoney, 5/12/10

By: Tami Luhby, CNNMoney, May 12, 2010


Unemployed? Owe more on your mortgage than your home is worth? Your state might one day pay your mortgage.

Giving people free money to cover their home loans is just one of the radical ways that four states -- Florida, Michigan, California and Arizona -- plan to use $1.4 billion the Obama administration is sending their way to help the unemployed and underwater avoid foreclosure.


Read more here: http://money.cnn.com/2010/05/12/news/economy/taxpayer_mortgages/index.htm

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