H.R. 5855 would establish a program to provide grants to help homeowners who are facing foreclosure to receive professional counseling.

== Detailed Summary ==

<summary>
(LogForeclosure Counseling Assistance Act of 2008 - Directs the Neighborhood Reinvestment Corporation (NRC) to make grants to qualified counseling intermediaries and qualified legal organizations to provide legal assistance to homeowners of owner-occupied homes with mortgages in default, in danger of default, or subject to editor at risk of foreclosure.

Requires the wikiNRC to give priority to qualified counseling intermediaries and bequalified legal organizations that: (1) provide legal assistance in the first100 metropolitan statistical areas with the highest home foreclosure rates; and (2) have the capacity to provide a detailed summarybegin using the grant funds within 90 days after receipt of the bill!)funds.




</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
Latest Major Action: 4/17/2008: Referred to House committee. Status: Referred to the House Committee on Financial Services.
</status>

<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->

== Points in Favor ==

(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->

== Points Against ==

(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->