Question Details

Candice, Home Seller in Minneapolis, MN

Can this stimulus plan save houses already on the market?

Asked by Candice, Minneapolis, MN Wed Feb 18, 2009

We put a bid in on a short sale, and I'm wondering if this new stimulus bill can save that house now?? Are the homes on the market eligible to be "saved" under this new bill???

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3
Candice,

March 4th should provide the clearity so many people are waiting for.

But in response to your question, we would expect that governments intervention plan would effect many properties currently on the market and some under contract.

Only time will tell. We'll be waiting along with you for this information
1 vote Thank Flag Link Sun Feb 22, 2009
March 4th is when the details of the new stimulus plan should be released.
1 vote Thank Flag Link Sat Feb 21, 2009
Hi Candice,
I would expect it to be at least a few months before the exact details of the mortgage recovery bill to be worked out and implemented.
1 vote Thank Flag Link Wed Feb 18, 2009
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