Today is the day many homeowners and lenders have been patiently awaiting! During his campaign, President Obama addressed several key issues he was going to immediately tackle when he got to the White House… one of those issues, is the Foreclosure Crisis in America! Later today in Mesa Arizona, President Obama will hold a press conference to divulge all the juicy details about the foreclosure plan! Word has it the resort where he will deliver the speech, is in foreclosure as well! Of course, until is it officially released, every below is just a bit of speculation, but sources within the Obama camp have trickle fed the following details.
With the Obama Foreclosure Prevention Plan ready to be delivered to the people this morning, the one main question we are patiently awaiting an answer to: Will the Plan Save my Home?
Cost of Foreclosure Plan
Are you Ready? $50 Billion Dollars!
Details to Follow
The unveiling of the Obama Foreclosure Plan comes just one day after he signed into law a $780+ billion dollar stimulus bill! Wall Street took no notice of the newest economic recovery stimulus and markets plunged on Tuesday anyhow! Later today, we will outline every phase of the new plan… and look at just how and who it will benefit!
1 response so far ↓
1 homeowner // Feb 18, 2009 at 11:25 am
tarp failed because the investors and the banks do not want to invest in this losing proposition. if you are 30+ days behind in mortgage payments, then no matter what the foreclosure plan you will not be able to save your home my thought and experience this far). no bank cares because they already received the money from the govt and now they don’t care about you. they don’t return calls, don’t want to be flexible and expect you have hoarded all the months of no payments not thinking you genuinely have no money due to the debts incurred. they can make mistakes and be forgiven but you cannot is their resolve
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