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Senate passes housing rescue bill

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Blog by Tish Osborne

Port Richey, Florida

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Senate passes housing rescue bill

Posted at Tampa Bay Real Estate News by Tish Osborne

Jul. 26, 2008

The US Senate has passed a housing rescue bill that could allow some homeowners facing foreclosure refinancing at as much as a 40 percent reduction in their debt. The president is expected to sign it next week.

A great explanation is available at CNNMoney.com. Here's the link:

http://money.cnn.com/2008/07/26/real_estate/housing_rescue_guide/index.htm?postversion=2008072611

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