The following New York Times article highlights two new federal programs to help struggling homeowners avoid foreclosure and stay in their homes. The article uses nationwide data in terms of falling home prices, in fact Bay Area home prices are up from the same time last year, but one statistic is consistent throughout the country and that being total home sales realizing a significant drop in July. The article does not give specific details so I cannot comment on it’s merit. What I will say is that most of these programs are not written to help owners or Danville or San Ramon real estate
. In fact due to the wage restrictions and home value restrictions in these policies it is difficult for any Bay Area Home Owner to take advantage of these offerings.
Two New Federal Programs for Struggling Home Owners – NYTimes.com.
