South Florida Real Estate: The Stimulus Package, Property-Tax Plan And Its Effect On Homeowners

The effects of the US housing crunch have wide-reaching implications that may take some time to correct.In its aftermath, thousands of homeowners have been displaced from their homes by the tide of foreclosures, and many private home lending firms have either closed shop, or filed for bankruptcy claims these days. The South Florida region has been one of the worst hit zones in the country, and regulators, lenders as well as politicians have enacted measures to aid distressed homeowners and lenders as well, to help cope with the rise in mortgages and the dearth in the sale of new homes.