Obama signs mortgage bill into law

By Philip Elliot
May 20, 2009

WASHINGTON - President Barack Obama said homeowners facing foreclosure would have a second chance under a measure he signed into law on Wednesday, but he added consumers still must live within their means.

The law encourages banks to spare homeowners from foreclosure and cracks down on lenders who take advantage of them. The bill passed Congress earlier this week and Obama bypassed a promised five-day waiting period to make it law.

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Spotlight on Waterford Falls, a Frisco TX Neighborhood

Waterford Falls is located in northwest Frisco, Texas, approximately 30 miles northwest of Dallas. Frisco is located in Denton and Collin Counties and is borders the cities of Plano, McKinney and Little Elm.

Waterford Falls new home construction began in 2000 and concluded in 2004 with 266 homes with a common area containing two pools, fenced playground and park area with a walking trail. Sparks Elementary, Pioneer Middle School and Newman park are all within walking distance making this a great place to live!

Waterford Falls Neighborhood Association

This Frisco Neighborhood is completely built-out. Homes in the area are 8 years old.

If you're interested in Frisco TX Real Estate, contact Dale Corbett with Century 21 Today!

Frisco Neighborhoods Texas