We've all heard repeatedly about the President's new stimulus package but I, for one, didn't know exactly how it would impact me or my Greenwich clients. Many of us are wondering "what's in it for me?" As Greenwich property owners with "jumbo" mortgages, most of us won't qualify for any assistance, but we'd all like to know the facts, and it's hard to get answers if you're on the go as much as I am (and I suspect you are, too!).
This article clearly defines the newly announced details. It's a well written "primer" on the newly announced mortgage bailout stimulus package. I'd recommend it to anyone who is wondering whether or not there's help on the horizon. Even you you can't use it, you may be able to help someone else by passing the info along.
http://money.cnn.com/2009/03/04/real_estate/Obama_foreclosure_plan/index.htm?postversion=2009030414