Earlier today, the details were released about the “Making Home Affordable” plan outlined by the Obama administration.
When this plan was first announced by President Obama here in Mesa a few weeks ago, my first reaction was “ let’s wait for the details“.
My reaction now the “details have been released”?
I don’t know.
I really don’t have an opinion on whether or not the plan will actually help the number of homeowners as claimed by the media (9 million) – because after all, what most people really want to know is “will the plan help me in my situation” as in… “ what’s in it for me“?
And each situation is individual, so be sure to speak with as many people as you can about your options. Real Estate Agents, Loan Officers, Hope Now, Loan Modification Companies, Loan Modification Attorneys – speak with all of these people if you are having trouble making your mortgage payment.
And it is entirely probable that they will all tell you different information — and hopefully with the sum of the pieces, you will be able to paint the picture of what is best for you in your situation.
Ok, sorry to ramble a little. Here is more information about the Making Home Affordable plan – be sure to read through it if you are wondering if the plan will help you in your situation. As always, let me know if you have specific questions.
Making Home Affordable — More Information From FinancialStability.gov: