| Mortgage
Bailout Plan Simplified For Homeowners
New web site helps homeowners better understand what
the mortgage bailout plan is.
Columbus, OH - Last December, the Bush administration
proposed a mortgage bailout plan to help subprime loan victims.
The plan essentially is a $300 billion aid package to help
an estimated 400,000 U.S. homeowners keep their properties,
and avoid foreclosure.
That plan is expected to be approved by Congress in August
2008, and will include assistance to Fannie Mae and Freddie
Mac (FanFred) - two government-sponsored companies that either
guarantee or own almost half of the mortgages in the country.
The plan
sounds simple and straight-forward, but actually is quite detailed
and specific as to what it means for an individual homeowner.
Homeowners Educational Resources (HER), an organization
based in Columbus, Ohio, has launched a free web site to help
victims of mortgage fraud better understand what exactly the
Mortgage Bailout plan is - and how to know if they qualify.
Their web site, www.Mortgage-Bailout.com,
is a presentation and series of articles that educate homeowners
on how the plan was designed, and how it may be of assistance.
The web site also discusses the potential disadvantages of
the Mortgage Bailout plan and why it is often criticized.
In addition, it provides a comprehensive list of related organizations
and agencies that can help.
According to the web site, its mission is "to do what many
bankers and mortgage brokers failed to do in the first place:
Educate people so they actually understand what they're getting
in to."
For more information, interested ones should visit:
www.mortgage-bailout.com
PRESS CONTACT:
Homeowners Educational Resources
info@mortgage-bailout.com
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