Homeowner Affordability and Stability Plan

The Obama plan is designed to help stave off foreclosure for 7-9 million families by restructuring or refinancing their mortgages. This will keep families in their homes, keep communities stable, and strengthen confidence in Fannie Mae and Freddie Mac.

Immediately after hearing the press conference, the anchor said that this is not enough, it's just a drop in the bucket. But I'm glad to see some help, that if it works well, could be a model for further relief.

The plan also includes provision for displaced renters where the home goes into foreclosure because the owner/landlord can't afford the home anymore.

Here's a summary

Feel free to call or email for more information. I do have more than the summary which I'd be happy to send to you.

Lynette Hensley
Associate Broker
email