Wednesday, March 4, 2009

It's a Great Country

The NY Times reports today that "people with mortgages as high as $ 729,750" will qualify for the mortgage relief plan. There's more. "Interest rates on loans could go as low as 2 percent..." Hold on, that's not all. "In addition, the Treasury Department said it intended to follow up with a plan to help troubled borrowers with second mortgages, which many homebuyers used as 'piggyback' loans to buy houses with no money down."

If the above doesn't get it done for you, then simply file bankruptcy and the judge may simply cancel your mortgage and you can have your home free.

I guess this does represent "change."