Be the first to like this
Homeowners in deepest need continue to struggle, despite the new housing bailout plan set into action last month. Though there are some people who will be able to avoid foreclosure, thousands more will be stuck in home loans they can no longer afford to pay. Particularly vulnerable are those who have 80/20 loans. These loans amount to an automatic first and second loan on the property making access to the housing bailout money even more complicated.