Obama's Foreclosure Plan » qualifications http://www.obamaforeclosureplan.com Lets see how and if this Obama housing plan works Thu, 05 Aug 2010 19:37:06 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Is the Foreclosure Bailout Working for You? http://www.obamaforeclosureplan.com/is-the-foreclosure-bailout-working-for-you/ http://www.obamaforeclosureplan.com/is-the-foreclosure-bailout-working-for-you/#comments Sat, 04 Apr 2009 18:54:22 +0000 Mark http://www.obamaforeclosureplan.com/?p=123 Last week I mentioned the friend of mine who was contacted by Citigroup to refi his home… Lets just call him Tom. Well, Tom is the now in full swing talks with Citigroup about his home refinance and it all looks very good for him to have a new mortgage within the next 7-10 days!

Why did He Qualify for Refinancing?

Simple… his house payment was more than 31% of his monthly gross income AND he was a few weeks behind on the current payment (on purpose, to get refi’d)

He got a letter from Citi offering to assist and when he called them, they went gaga over helping him! He has a full time job and makes about 38k per year.

My question to everyone reading…

Did You Qualify for Foreclosure Assistance?

If so… tell us about it! If not, please tell us why!

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