Obama Mortgage Relief Plan Qualifications Continue To Help Homeowners
Until recently, getting a loan modification was not a realistic option for American homeowners who were struggling. Very few borrowers were granted a modification and the only options for homeowners in danger of losing their homes could only get refinancing or face foreclosure. President Bush and his government did try to some relief at the end of 2009 but this loan modification program did not encompass different situations to be effective. It was hoped Bush’s plan would help 240,000 people but actually only helped a few hundred.