Another Housing Bailout Plan

I have a 30 year fixed at 6% mortgage. I was medically retired which caused a 75% cut in my income. I had to relocate out of the state where the house is located to take a job and am now living with family but the house has been on the market since 3 Jul, 2007.

Smells No Go (comercially known as Wells Fargo) refused to consider an offer on the house in December as I wasn't far enough behind in my payments. I am now nearly 60 days behiind in payments and they are dragging their feet on a second offer that is about to expire.

The wave of foreclosures and fire sale auction pricing of the sub-prime properties is killing the rest of the market too who need to sell.

of AR 11:00PM March 11, 2008