Truth in Foreclosure Takes on the Obama Housing Plan

Todd at the Truth in Foreclosure website is keeping on top of the new Obama housing plan, which is designed to help troubled homeowners. His new post goes beyond the basics and starts to answer some of the tough questions the media and the administration are not answering.

I admit the housing plan sounds good in a speech, but when you get to the details, the plan does not look so good…

At the Truth in Foreclosure site, they really break down the plan and you start to see how limited the help for distressed homeowners will be. In my opinion, this plan will help a very small number of homeowners in the end.

Some points from the article…
This plan clearly will not help large numbers of people.
The plan will only help homeowners with their first mortgage
There are many more limitations to the plan, so head over to Todd’s site and get the details on Obama housing plan.

There will be a part three coming out. We will keep you posted.

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