Rhode Island has expanded the coverage of distribution of an $80 million federal aid for distressed homeowners in the state. The program was initially provided to troubled homeowners in Providence. Now it covers the entire state.
In the hopes of lessening the severity of the crisis in the housing industry, counselors aim to inform residents about foreclosures and what they need to know about the situation.
As many criticize the bailout plan to help troubled homeowners in danger of losing homes to foreclosures, experts outline favorable impacts of this program for everyone.
President-elect Barack Obama's plan of stimulating the economy by increasing the take-home pay of employees could help troubled homeowners save their homes from foreclosure.
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