Foreclosure Assistance, Miami Beach Real Estate

Housing Aid Bills, Florida Foreclosure Assistance

Under Democrats' housing aid plan, strapped homeowners could refinance into government backed mortgages and states would get money to deal with foreclosed property .

This would be the most significant action Congress has taken to date to address the housing crisis that's at the center of the nation's economic woes.

President Bush has threatened to veto both measures, which he says reward lenders and speculators. Democrats counter that the bills will head off hundreds of thousands of foreclosures, stabilize the shaky housing market, and prevent neighborhood blight.