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Homeowner Stimulus Plan

President Obama has big plans to help Americans who are facing foreclosures on their homes in these tough economic times. Although the plan may sound like it has a socialist agenda but ask that to a family with kids who are about to lose their home.

The plan is as huge as $75 billion dollars and it is primarily aimed at the stopping the foreclosure bleeding. The plan would perhaps effect some sort of relief and enforce a moratorium on their closures by banks.

This bill is basically called the Homeowner’s Stability Initiative (HSI) and by even modest estimates would end up helping around 7 to 9 million Americans who are facing foreclosures by restructuring or even refinancing their mortgage.

The whole idea is not only to make the companies involved stable so that they would stop hemorrhaging but even make the lives of countless Americans better.

For more details, check out this article – Homeowner Stimulus Plan

    3 Responses to “Homeowner Stimulus Plan”

    1. Marisel says:

      I think you are clearly exaagergting this story. Here’s what you stated:25% think home value increased22% of home values did increase26% think home value is same6% of homes values are the same49% think home value decreased72% of home values decreased Statistically, it’s almost impossible for a home value to stay the exact same for a whole year. On your survey you are giving 3 different options to choose from: increase, stay same, or decrease. Clearly you are going to get skewed results on a survey like this. If you were to give them more choices, I’m sure that the results would not have been Out of Whack.

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