With Obama's New Housing Plan, Everyone Keeps Their Home

Under the Obama new housing plan, everyone keeps their home. That's the plan. Many people who qualify for the program still have not either heard about it, or they haven't taken advantage of the opportunity. Many people simply do not know if it applies to them or not.

As an example, let's take Jerry from Springfield, Ohio. He has owned his home for 20 years now and has refinanced 3 times in that period. Until last year, he was working full time as a warehouse supervisor making around $50,000 a year. He budgeted his income well and kept his expenses low. With just his modest home payment of $1,200, a $250 car payment and $150 in credit card bills, he was looking at ways to pay off his mortgage early. That is until business slowed down and he was laid off last September.

After months of search he finally found a job paying him just over $30,000 a year. With his mortgage 3 months behind he no longer was looking for ways to pay off the mortgage faster, he just wanted to save his home.

A quick search online found him reading an article on the BOA new housing stimulus plan which he felt could help him. He found that the Obama mortgage adjustment program was exactly what he needed so he contacted BOA and applied.

Initially, he was concerned that he was already too far behind in payments and he would face foreclosure before the modification went through. He was quickly put at easy by his representative who explained that once his application was submitted, all foreclosure proceedings immediately stopped. This is one of the guidelines under the Obama new stimulus for mortgages.

Jerry has since been approved for his modification and is now comfortable making his mortgage payments again. A welcome relief that has put him back on track and thinking of ways to pay off the mortgage faster once again.

Here is a website to get TIMESHARE CASH VALUE

This company is safe and reputable to work with. There are no charges or fees. All you have to do is enter your email address. Find out what your timeshare is worth.

CLICK HERE! to sell your timeshare.