New Jersey has announced that it will bail out homeowners who may lose their homes. It seems that they want to buy the homes from the owners at market prices. If I didn’t feel like I had a Plantar Fasciitis in my foot right now, I would be hopping up and down with anger!

Governor Corzine has proposed that the federal government buy the mortgages and then restructure them and then he decided to take his own advice and have New Jersey buy foreclosed homes. Corzine claims that this will help neighborhoods by not devaluing the home prices there.