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Wednesday, March 31, 2010

U.S. Treasury Department announced $600 million aid for five states to stop foreclosure

Stop Foreclosure, Avoid Foreclosure


The U.S. Treasury Department has announced $600 million aid for five states to Stop foreclosure which has undergone highest turn down in home prices and job loss. The second round of fund from the Troubled Asset Relief Program or TARP will be announced to North Carolina, Ohio, Oregon, Rhode Island, and South Carolina.

The funds will be previously owed to Home Affordable Modification Program or HAMP which is a division of TARP. The funds received by states are given below. Oregon - $88 million, Ohio - $172 million, North Carolina - $159 million, South Carolina - $138 million and Rhode Island - $43 million.

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