Here is an article from the Arizona Republic that discusses basic questions regarding the Housing and Economic Recovery Act of 2008. In a question and answer format, it discusses various types of government mortgage relief and government refinance assistance (including Hope for Homeowners) that are offered in the Act.
The Housing and Economic Recovery Act of 2008, signed into law by President Bush on July 30, has sparked numerous debates over its mechanisms to assist struggling homeowners, future homebuyers and lending institutions. However, some of the complex law’s nuances are poorly understood, and certain provisions have received only a passing mention in news reports. In an effort to better explain the law, here are five key questions and answers:
To see more follow the link to the article. Nevertheless, I believe that many of the topics are covered in more detail here on this site.
