Will the Housing and Economic Recovery Act of 2008, help US homeowner’s facing foreclosure?  I sure hope so. 

I just sent the NAR link tp://www.realtor.org/gapublic.nsf/pages/hr_3221_key_provisions?OpenDocument to clients facing the reality that their loan payments are escalating at a rate outpacing their income.  I’ll let you know if it helps any of them.  As a Realtor and trusted advisor I recommend all homeowners facing this crisis consult with an attorney and cpa to determine which course of action will best serve their family and financial needs.  The cost of the long term outcome for a foreclosure, short sale or bankruptcy can far outweigh the 200.00 consultation with professional capable of looking at the situation objectively.