Good News for Lake Forest, Mission Viejo and the rest of the state! Housing help for unemployed, underwater borrowers

Under pressure to do more for troubled homeowners, President Obama announced Friday a $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis.

The initiative calls for pumping money into state housing agencies in California, Arizona, Nevada, Florida and Michigan to fund programs to prevent foreclosure for people who are unemployed or who owe more than their homes are worth.  Read on:

http://money.cnn.com/2010/02/19/real_estate/housing_help_unemployed/index.htm

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