This morning I was in the gym and saw a glance of a statement about Obamas plan for Homeowners. Did anyone else get to watch this and what was it about?
Is it the Foreclosure Prevention Plan. The problem with this is that those of us who PAY our mortgage, WILL have to continue to pay at the price we originally purchased the home which hurts our resale value when some neighbors have renegotiated new terms and a new appraisal. For example. If you paid 200,000 for your home in 2005 and your neighbor did as well. If they enter bankruptsy court and get their terms renegotiated for $150,000 and they turn around and sell their home for $155,000 while you are still paying the inflated price. This could force the value of homes down even more and not allow prices to correct themselves.
Answer by grlygrlz2 at 3:31 PM on Jan. 12, 2009
Answer by Fiveofakind2 at 2:39 PM on Jan. 12, 2009
Answer by gemgem at 2:43 PM on Jan. 12, 2009
Answer by Anonymous at 3:01 PM on Jan. 12, 2009
Answer by grlygrlz2 at 3:33 PM on Jan. 12, 2009
Answer by mancosmomma at 4:09 PM on Jan. 12, 2009
Answer by livn4hevn at 5:01 PM on Jan. 12, 2009
Answer by sammygrl77 at 5:30 PM on Jan. 12, 2009