New Foreclosure Plan To Save Homeowners

[FXexpert]

New Foreclosure Plan To Save Homeowners

The Foreclosure Plan created by the new administration aims to save up to 9 million homeowners. The plan will help those with mortgages modify certain parts of their loan in order to decrease the payments while making it easier for homeowners to refinance in order to jumpstart the housing market as the economy as a whole.

The plan also aims to prevent predatory lending by limiting mortgage payments to 31% of a homeowners income max. This will be a significant step towards preventing another mass foreclosure situation.

 

[jimb12345]

i think this is so great. I lot of people are struggling and need help.

 

[anna575]

Hello

I think this is a good plan of Homeowners. Homeowners who are facing a foreclosure or mortgage default can save their home by refinancing or getting a mortgage modification with the housing stimulus plan. Great ideas..