Here is another take on how the bailout will affect the overall housing market. The bailout does not necessarily allow for the reduction in mortgage amount or interest rate. See my previous blog for BofA's answer to that. Here's the full story:

http://rismedia.com/wp/2008-10-07/bailout-no-quick-fix-skips-strapped-homeowners-advocates-say/

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!