As federal agencies failed to make a plan to resolve the housing crisis, founder of RJL Holdings and Black Entertainment Television came up with an idea to solve the foreclosure dilemma.
The increase in foreclosures pushed median prices of new homes to revert down to lower rates similar to standard levels before the housing boom a few years ago.
The effects of the bail out strategy may finally filter down to American homeowners. President Obama's recent conference in Phoenix outlined a plan for providing relief to millions of people facing a home foreclosure, stabilizing the housing market and possibly driving down interest rates.
Print This Article
Add To Favorites