Real Estate Issues in the News: Foreclosure Mitigation, Cramdowns, Help for Homebuilders

Today President-elect Obama asked the Bush administration to request the remaining $350B of TARP funds, so they may be used ASAP after January 20. These funds will be used in addition to the $800B stimulus plan proposed by the new administration. The Bush administration has agreed.The Troubled Asset Relief Program was initially supposed to help "solve" the housing crisis...but the funds "