Upside Down Mortgage

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Mortgage Help Obama Plan

Question: Can I still buy a house I can't afford and get in on Obama's mortgage bailout plan?

This sounds like a really sweet deal, but am I too late?

Answer: I have always lived a life style of personal responsibility. Live within my means and save up and pay cash for everything I buy, excluding my mortgage.

I have 10 years left on a 15 year mortgage on my currant house. Its worth about 250 K and I owe about 69 K on it.

I see people around me that make half of what I do, some owe more on their houses than they paid for it. Many are now mad cause they had only bought it to flip it. Several now are doing all they can to see how they can get on board with a bail out.

I have even asked a couple of them how they can expect the government to pay for stuff they can't afford. I use the example "If I went to a casino and lost my pay check, should someone bail me out and give the money back?"

They always respond that is different and that for them to have to pay back the money for they house they lost money on is not "fair" and someone needs to help them.

Entitlement Mentality is out of control in this country.

OBAMA HOME MORTGAGE STIMULUS PLAN IN ARIZONA 1 FEBRUARY 18 2009 CONCISE

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Loan Modification Us Gov

Benefits of Loan Modification

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