Obama Mortgage Rescue Plan: Home Stimulus Plan, Can it Save Your Home?

To fully understand how the Obama Loan Modification program works you must understand these features of the Obama mortgage rescue plan. Payments for the Depreciation of the Price of the Home: As an incentive for lenders/investors modifying more loans, they will be compensated to offset losses resulting from the decline of the price of homes. This will be in the form of a single payment on every loan modified and still active in the Plan.

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