Well, we should know by the end of the day. Congressional leaders are confident that Bush will push the bill through this time for the $700 billion bailout. What’s this going to do for our economy? while the core plan remains the same, the new bill calls for billions of dollars in revisions of tax plans – many think this is to ‘sweeten’ the deal for lawmakers. Well DUH! If you put a carrot in front of a donkey, he’s going to go after it. With both Obama and McCain backing the bill it seems inevitable that it is going to pass, it’s now just a matter of when. What’s it going to do to our housing industry? There’s nothing we can do but wait and see – the published bill does not state how they are going to handle the current foreclosed homes so it’s hurry up and wait for Washington to make a decision.
If you, or anyone you know is in a distressed situation and would like to talk further about your options, give us a call and we will be glad to sit with you, confidentially, to discuss your options.