Archive for February, 2009

Underwater & Ineligible for Foreclosure-Prevention Plan

The foreclosure prevention plan outlined by President Obama yesterday is not intended to help everyone. Feeling left out of the bailout game? You are not alone. If you are more than a little underwater (5% +) ; if your mortgage still owned by a bank (portfolio loan); or if you have a jumbo loan…..then the new plan does not apply. See article.