Housing bailout should help avoid foreclosures in Buffalo

Published in The Buffalo News on 2/19/09.
How the housing bailout will help Buffalo homeowners avoid foreclosure. Buffalo LISC Executive Director, Michael Clarke, is quoted in this article.

19 Feb 2009 - Phil Fairbanks, The Buffalo News

More families will keep their homes

Buffalo is no Phoenix, the backdrop for President Obama's bailout of the housing industry Wednesday, but it stands to benefit just as much as the boom-and-bust Sun Belt city.

Obama's plan is destined to help Buffalo because it targets homeowners, not speculators or flippers, and because it helps less-affluent people who no longer can afford their mortgage payments. Continued[+]...

> Read the complete article on The Buffalo News web site.

Article Type: News