Home foreclosure help: $75 billion plan
February 18th, 2009
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Here’s what’s in Obama’s home foreclosure plan for you President Barack Obama unveiled a $75 billion federal plan to ease the epidemic of home foreclosures on Wednesday, casting it as not just a bailout for as many as 9 million homeowners but a means for ending the downward spiral of the economy. Who will benefit from this plan? The plan is designed to help two kinds of homeowners. The first are homeowners who took out prudent mortgages with a substantial downpayment but whose home value has
