Details of the Home Refinance and Loan Modification program are filtering out to the public. The NY Times article U.S. Sets Big Incentives to Head Off Foreclosures sets a positive tone. The California Association of REALTORS website posts a plan resource guide with links to Eligibility guidelines. This is all dependent on level of cooperation from the banks and the ability of homeowners to qualify. If this can stabilize market prices then it could signify “the bottom.”
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