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Program Will Pay Homeowners to Sell at a Loss


               
2010 Mar 8, 6:45am   6,086 views  25 comments

by shultzie   follow (0)  

http://www.nytimes.com/2010/03/08/business/08short.html?srsch&pagewanted=all 

 This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.

huh?

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24   WillyWanker   @   2010 Mar 11, 12:33am  

Hopey~Changey. Everyone enjoy the Hopey~Changey!

25   vain   @   2010 Mar 16, 7:45am  

Paying people to leave their homes is really to increase inventory. Obama is squeezing every last drop out of the government support. You know it must be bad if even Obama wants to lock people into high debt before he withdraws government support. If everyone stays in their homes now, they will get foreclosed on when there is no government support, causing another crash then. This is all part of his exit strategy - to push everyone in before it collapses.

Obama has made it quite clear that his intent is to prop prices high since it's everyone's most expensive investment. You won't see anything from him helping buyers directly; only homeowners/sellers.

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