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.