Foreclosure Bill: Sections Explained – Foreclosure Victims Blog News

Sections Explained: Summary
 Overview of Program
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes. Help families keep their homes by increasing preForeclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of  nontraditional and sub prime mortgages on primary residences;

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