The Great Bailout

Maybe its just me, maybe not..

After visiting several websites and television news stations, I am struggling to figure out the basics of this bailout. What I know so far is that the government will not be aimlessly giving 700 billion dollars to bail out troubled financial institutions and buy out their assets.

The plan as I see it so far..

The government will not allow US citizens to be taxed as a direct result of the bail out

The financial institutions will be accountable

The government will aide in financial and mortgage backed securities insurance.

They will buy out troubled assets from banks.. I wonder if this means cars too?. mm..

I am sure we will all have our questions answered soon.

Here are a few questions I have:

Will pre-foreclosure loans be affected by the bail-out. I read briefly about loans made prior to March 2008.

Will banks hold onto to their foreclosed homes, waiting for government intervention?

What about homes listed as short sales? Where do the homeowners stand now?

Many consumers think the real estate selling prices will increase. This may or may not be the case. I believe we have a long way to go? Banks are still more and more conservative in loaning money.

I do realize that my questions are preliminary but maybe someone out there can interpret better.. any ideas?

Lori Lincoln

508-878-0917

my website: http://LoriLincolnTeam.com

email: lorilincoln@kw.com

Keller Williams Realty