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Home Front

A blog about the economy and the Sacramento-area real estate market.

August 8, 2008
The 400,000-home rescue plan: here's details for getting help

As promised, today's Home Front column offers a primer on a provision of the new housing bill that aims to let 400,000 struggling home owners refinance out of risky adjustable loans and into safer 30-year fixed loans. There are no guarantees and it doesn't start until Oct. 1.

 But if you're in trouble here is a rundown of what's in the bill, how it might help you and where to find out more.

Also, check out the fact sheet at www.fha.gov.

Good luck.

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