On February 18th, 2009, President Obama unveiled his "Homeowner Affordability and Stability Plan," whose objective is to assist homeowners who are having difficulties due to the unstable housing market.
The Plan not only aims to help those who are behind in mortgage payments, but also those whose homes have lost value and, even though they can still afford the monthly payments, they owe more than what their home is worth.
For more details, go the the White House Blog at http://www.whitehouse.gov/blog/09/02/18/Help-for-homeowners/
Vivian Franco R(S), Prudential Locations Maui. E-Mail: vivian.franco@pruhawaii.com. Web-Site: www.vivianfranco.net