President Obama officially unveiled his $75 billion dollar plan to quell the rising tide of foreclosures and begin to stabilize the country’s precarious housing market.
Varied opinions have been rising in Congress as to whether the second half of the $700 billion bailout fund for foreclosure prevention is to be released or not.
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.
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