Homeowners at Risk of Default or Foreclosure

According to what President Obama said in Mesa, AZ on Wednesday, February 18, 2009, “In the end, all of us are paying a price for this home mortgage crisis. And all of us will pay an even steeper price if we allow this crisis to continue to deepen. But if we act boldly and swiftly to arrest this downward spiral, every American will benefit.”

President Obama took two huge steps forward in his campaign this past week to heal the housing crisis for homeowners. Exactly what does that mean to those that have defaulted already? Will it help those that face foreclosure or potentially default on their loans?

So much conflict on who the Homeowner Affordability and Stability Plan will benefit. Who doesn't get relief and who will? How will the money be spent and will it be wasted?

Read more about Help For Homeowners at Risk of Default or Foreclosure.