Project Lifeline - how helpful will it be?

[Administrator]

Hi Everyone,Treasury Secretary Henry Paulson has announced another plan to help borrower's to avoid foreclosure. It is expected that about 1 million borrower will face foreclosure this year. So will this Project Lifeline be really helpful for the borrowers? Will this extra 30 days grace period help delinquent borrowers to get up to date? It seems to me just wait and see for another 30 days before the foreclosure actually takes place.Will like to have comments and views from all the community members in this regard?Best of luck,Larry


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(Source: mortgagefit.com)