The Federal Government under President Barack Obama started a mortgage bailout program early in 2009 to help struggling home owners who were saddled with mortgages they could no longer afford. Included in the new plan was $75 Billion dollars which was allocated to help slow the alarming foreclosure rate in North America.
Can I Save My Home With The Obama Mortgage Plan
The answer is maybe but unfortunately the plan will not help every single troubled home owner! While the plan does set aside money to help people there are guidelines those people will need to meet. This is to make sure the tax payers are not giving a bailout to someone who will be back in the same situation within 12 months. Continue reading ‘The Obama Mortgage Plan – Who Will Qualify For the Presidents Plan and How Will it Help Them?’ »