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Obama Foreclosure Plan Could Save 9 Million Homes (1 viewing) (1) Guest
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TOPIC: Obama Foreclosure Plan Could Save 9 Million Homes
#1948
FHAguy (Admin)
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Obama Foreclosure Plan Could Save 9 Million Homes 1 Year, 6 Months ago  
Obama introduced the new mortgage plan today which has a real possibility to save up to 9 million American homes. This would help people that need to refinance even if they are upside down and also provides huge incentives to banks who help homeowners with modifications.

Read the news
 
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#1949
pam11 (User)
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Re:Obama Foreclosure Plan Could Save 9 Million Homes 1 Year, 6 Months ago  
hello, we are in a foreclosure & select portfolio servicing said they would take less for the house, but in the plan today is there help for us people who's home are underwater? where would we go for help? we have been working with acorn but they do not call back, they are so busy..
 
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Last Edit: 2009/02/18 12:16 By pam11.
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#1950
EnglishRose1105 (User)
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Re:Obama Foreclosure Plan Could Save 9 Million Homes 1 Year, 6 Months ago  
To the Administrator: you may want to change the 'reviled' in your first sentence to 'revealed'. Anyone out there need a proofreader? I'm looking for a better paying job so that I can afford my mortgage

I'm looking forward to seeing how this progresses as my home is slated for foreclosure sale in May.
 
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#1952
Justinesue (User)
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Re:Obama Foreclosure Plan Could Save 9 Million Homes 1 Year, 6 Months ago  
Under this new mortgage plan it says one of the requirements is to fall between "Freddie Mac and Fannie Mae". What does that mean? I have a conventional loan. My loan is upside down and I am 1-1/2 years behind. My loan was sold to a debt collector who has said he will sell the house for half of what I owe. Would this qualify me?
 
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