New Relief? Maybe....

Well, it now seems that everybody is jumping on the bandwagon. Almost makes you think there is an election coming up. Oh, yeah! That's right! There is! Yesterday (4-3-08) a congressional committee announced it's working on a new plan that will include foreclosure relief in a novel form--money to help pay for more foreclosure counseling services by the lenders. Assuming the proposed bill becomes law, it would include a provision for $100 million to be used buy lenders to help initiate and/or expand counseling services to their borrower clients facing default and foreclosure. It's a long way from law and lots can change between now and whenever eventual passage and Presidential signature takes place, so don't start getting too excited just yet. But, as things develop, I'll keep you posted.