Comments on: Obama to Roll Out “Homeowner Affordability and Stability Plan” in Phoenix Today

By: Nick@taux hypotheque

Nick@taux hypotheque — Wed, 17 Jun 2009 02:33:09 +0000

“A” for an effort, but I don’t believe that this could give obama an impact to his government. People are crying out because of the effect of the subprime crisis.

By: Obama’s Mortgage Plan: What is, and isn’t, in the Homeowner Affordability and Stability Plan — The Phoenix Real Estate Guy

Thu, 19 Feb 2009 16:40:00 +0000

[...] Announced yesterday right here in our backyard of Mesa, Arizona, the President delivered his $75 billion (and counting) plan to stave off foreclosures. [...]

By: Chris Butterworth

Chris Butterworth — Thu, 19 Feb 2009 00:52:37 +0000

It’s nice to hear that the president is so concerned, but I don’t think this initiative is going to have much of an impact at all. I read the local paper’s report and the report at the White House blog, and I just don’t see how this will help more than a handful of people.

It doesn’t look like you’ll get any relief if:

* You owe more than 105% of your home’s value.
* You have a 2nd mortgage in addition to your first.
* You’ve lost your job, taken a job with a lower income, or otherwise had an income reduction.

Who’s left?

Oh yeah, and if you do get relief, it’s going to be in the form of an interest rate reduction &/or a conversion to a Fixed rate. Those paying interest only might even see their payments RISE!

I wrote more about this today at ThePhoenixAgents.com, too. And I’m working on a follow-up with more details…

Jay, I’m anxious to hear your thoughts on the topic..

**Chris Butterworth´s last blog post..President Obama to focus on foreclosures

By: Laurie

Laurie — Wed, 18 Feb 2009 22:14:11 +0000

I’d love for you to read my letter to the president. It’s my take on this as a patiently waiting first time home buyer.

http://laurieray.blogspot.com/2009/02/dear-mr-president.html

**Laurie´s last blog post..Dear Mr. President,

By: Mortgage » Blog Archive » What is In The Homeowner Affordability and Stability Plan

Wed, 18 Feb 2009 22:07:38 +0000

[...] more at the Phoenix Real Estate Guy blog. Tags: Homeowner+Affordability+and+Stability+Plan, Obama, [...]

By: James Boyer @ Morristown NJ real estate

James Boyer @ Morristown NJ real estate — Wed, 18 Feb 2009 20:42:30 +0000

I still don't get how this is going to help the US economy or the local real estate markets. It seems to me Obama and the Congress are not addressing the main thing that needs to be addressed. The lack of demand for all the homes currently for sale in all the real estate markets around the country. **James Boyer´s last blog post..Chatham NJ Real Estate Update / January 2009

By: Ryan@Bellingham Homes

Ryan@Bellingham Homes — Wed, 18 Feb 2009 18:45:10 +0000

I think we are all curious to see/hear what the plan is and how effective it will actually be. I will have to check back in couple of hours to hear what the story is. **Ryan´s last blog post..Mambo Italiano in Bellingham - Fairhaven

By: Obama Foreclosure Plan - Pie in the Sky or Practical Solution : The Real Estate Bloggers

Wed, 18 Feb 2009 18:00:10 +0000

[...] Phoenix Real Estate Guy [...]

By: What is In The Homeowner Affordability and Stability Plan : The Real Estate Bloggers

Wed, 18 Feb 2009 17:12:07 +0000

[...] more at the Phoenix Real Estate Guy blog. Tags: Homeowner+Affordability+and+Stability+Plan, Obama, [...]