| Due to the recession, there has been a long period of | | | | in the housing industry, banks were given incentives to |
| unemployment, which has caused many families to live | | | | encourage them to help you keep your home. This |
| in fear of losing their homes. There are many other | | | | means that the Obama is working to help Americans |
| factors that can also lead to financial distress. Many | | | | keep their residence. Hence, the name "The Obama |
| Americans have been put in a situation where they | | | | mortgage Plan". |
| can not make their mortgage payments. | | | | There have been over four million families who have |
| What many people do not realize, is that the $75 Billion | | | | had success through the Obama mortgage stimulus |
| that was released from Congress can also help to | | | | plan. The plan helps people who are living in fear of |
| keep you from foreclosure. This created a program | | | | foreclosure by restructuring loans. Families are able to |
| call the Obama mortgage plan that began to give | | | | make their house payments, and can stop worrying |
| incentives to banks to help you keep your home from | | | | about loosing their homes. |
| foreclosure. | | | | Fact: There is no reason to lose your home when $75 |
| Fact: Assistance is available to save your home | | | | Billion has been spent to help you keep your residence. |
| through the Obama mortgage plan. The government is | | | | The Obama mortgage refinance plan is set up to |
| aware of the problems that so many people are | | | | make sure that mortgage payments will not exceed |
| experiencing. There have been billions of dollars set | | | | 38% of the homeowners income. Money is available to |
| aside to assist homeowners in making their mortgage | | | | help reduce payments so that homeowners can also |
| payments. | | | | pay other bills and keep food on the table. These |
| Fact: Banks are now getting incentives to help you | | | | reductions can last for up to five years. |
| from going into foreclosure with your home. | | | | There are private American companies that are joining |
| Fact: After congress released stimulus money to bail | | | | the effort to help, by making legal assistance available |
| American out, many people have been able to keep | | | | for those who need it. If you are a financially |
| their homes out of foreclosure. | | | | concerned US citizen, you should take advantage the |
| Why do American' s have a higher chance of keep | | | | great opportunities available to help you save your |
| their homes after the stimulus bill was passed? | | | | home from foreclosure. |
| After Congress released $75 Billion to bail America out | | | | |