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Stop Foreclosure With Obama's Loan Modification Stimulus Plan - How to Apply NowPresident Obama does not want you to lose your home to foreclosure-and he has funded a program that you may qualify for so you can keep your home. This plan is called Home Affordable Modification and it is designed to give you a new mortgage payment with an interest rate as low as 2%. Find out how you can apply and qualify for this government program-there's no time to waste if you are facing the prospect of losing your families home. Obama's home rescue plan is paid for with $75 billion in stimulus money. This bailout plan is part of your tax dollars, so do not hesitate to ask for help. The goal of this loan modification program is to provide an affordable and sustainable mortgage payment so that you can stay in your home and stop foreclosure. The idea is to allow the housing segment to recover and our economy to get on track. That is why you may be eligible for this government program-the government does not want any more foreclosures as this keeps the recession from improving. An important part of the Home Affordable Plan is how it can delay or stop the foreclosure process. Obama has mandated that every homeowner who requests consideration under this program must be considered. During the application review, all foreclosure proceedings must be halted. If you qualify for the plan, then your loan will be brought current, late fees, penalties and miscellaneous charge will be waived. You get a fresh start with your bank and can get back on track. Although everyone is encouraged to apply, not everyone will be able to meet the standard approval guidelines. However, you can greatly increase your chances of approval by simply learning those very same guidelines your bank will use to decide if you qualify. You can learn prepare your own application, make adjustments to your budget, and submit an acceptable proposal so that you know you fit into the guidelines for approval ahead of time. For more information about this plan please visit us at : http://www.loansstore.com/loan-modification/ As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |