Sentences to ponder

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

There is much more here.  I would be surprised if the proposed incentive of $1,500 made a noticeable difference.  If I understand the program correctly, the servicing bank also gets $1,000, plus $1,000 toward a new loan.


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