Assistance programs help homeowners who are at risk of losing their homes due to financial difficulties by providing financial support or restructuring loans. Proponents argue that it prevents people from losing their homes and stabilizes communities. Opponents argue that it encourages irresponsible borrowing and is unfair to those who pay their mortgages.
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Yes, but only on a case-by-case basis. Their should be some criteria such as number of homes owned, net worth, spending patterns, income streams, etc. to determine whether individual is eligible and the quantum of assistance.
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