Robert Abalos Real Estate Report
This blog offers news, advice, and commentary for real estate investors and land developers.
Tuesday, June 22, 2010
Obama Foreclosure Relief Plan Fails---Just Like I Said It Would
The Obama foreclosure relief plan is failing badly after spending $75 billion to help homeowners in foreclosure.
No surprise here. I predicted this futile program would fail nearly
ONE YEAR AGO in this blog.
You can read an excellent article explaining the problems with the loan modification plan here
The bottom line is simple. When you buy a home you just can't afford, eventually you lose it.
Robert J. Abalos, Esq.
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