...The Obama administration's $75 billion foreclosure-relief plan aims to help distressed homeowners by basically reducing their monthly payments to a level they can afford. Two economists and a law professor specializing in real estate say it should help millions of families whose home values have dropped or face exploding loan terms or declining incomes.
"It's a clever plan," said Richard Green, director of the University of Southern California's Lusk Center for Real Estate. "It might actually help the housing market bottom."...
