According to the Washington Post the Office of Thrift Supervision is trying to come up with a plan to help people avoid foreclosures when they are upside down (owe more than the property is worth) on their home. It involves getting an FHA for part of the value and some sort of certificate for the rest. I frankly don’t really understand it but here is the article on the subject if you are interested.
Posted by G.R.A. Admin on Wednesday, February 20th, 2008
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