At my reach once again...

With President Barack Obama signing the stimulus bill of $787 Billion on February 18th, means that having our own home is at my grasp once again.

My mom went to one her real estate meetings last week in San Jose, and she came home with the best news ever! She told me that due to the stimulus bill that the president signed, current homeowners will have the opportunity to save their homes, and people who have already gone down the road of foreclosure will have the chance to be homeowners once again. She said that so many people have been affected by declining housing market, and so many have lost their homes, and there are still many that will soon be in the same boat. This is directly related to the rise of Americans with bad credit, and bad credit is forcing families to rent. This bill will allow someone to purchase a home even with a foreclosure on their credit. The bank only wants to see that you make enough money to be able to pay your mortgage every month. This bill will also allow investors to own up to 10 properties (used to be only 4). Why not let the people who have the money spend it? It makes sense. Spending money is a part of what will help the U.S. get out of this recession.

So we're house hunting yet again. I thought that I would never be able to watch HGtv ever again without feeling depressed and sorry for myself. I'm so excited! I'll keep you updated :-)