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Oct
Foreclosure Experts - Your Presidential Candidates
As I was looking through the news, I saw plans being proposed by both Obama and McCain that would lead America back from the brink of the abyss and solve the problem of people who bought homes they couldn’t afford. So, time to do a post, right?
Michelle Malkin beat me to it. McCain wants to buy up individual mortgages and play loan servicer-in-chief for homeowners underwater. Obama wants to put a 90-day freeze on foreclosures and prolong the pain for short-term political gain.
I think that there are enough help with the programs that are out there. The HOPE for homeowners programs is very good and if the government request the banks to offer it to the homeowners many people will save their home. It requires some sacrifices (share equity, etc) but I believe it is a very good plan because it forgives the penalties and fees and even the principal! ( http://www.hopenowmortgages.com )
October 14th, 2008 at 7:56 am