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Housing counselors and lenders both say Obama program is comprehensive approach that attacks root of economic crisis. But it won't help everyone.
Posted by Imax | 261 days ago Category: real estate news | Tags: foreclosure rescue plan

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Written by 246 days ago  0 points    
Have no pity for the speculators! They should not get help.
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Written by 260 days ago  0 points    
So the rescue plan basically helps those who made a mistake buying a home at an inflated value and cannot keep up with the payment. One one side it may (just may) buy us some time before the economy slipped further; on the other side all is paying for the mistake that some made, and the some bas consequences such as national debt and dropping dollar value seem unavoidable.

I can't say I'm all for the plan. While people are losing jobs and home prices continue to drop, it makes no sense for some to stay put, foreclosure actually sounds like a better idea.
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