Tuesday, April 27, 2010
It is good news for struggling borrowers. Arizona, Florida, and Michigan have been offering helping hands for them as they have proposed using federal funds to pay down loan balances and to subsidize mortgage payments for those who remain out of work.
The plans are in response to a foreclosure-prevention effort championed by the White House. The plan has allocated $1.5 billion for Arizona, California, Florida, Michigan and Nevada. The proposals would be finalized next month after the Treasury Department.
The plans are in response to a foreclosure-prevention effort championed by the White House. The plan has allocated $1.5 billion for Arizona, California, Florida, Michigan and Nevada. The proposals would be finalized next month after the Treasury Department.



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