February 18th, 2009

Three documents were released by the White House regarding the new “foreclosure plan” President Obama unveiled earlier today. 

Technically the name is the Homeowner Affordability and Stability Plan. The first document is a detailed summary of the provisions outlined by the administration today. The second document describes how the plan will help different “families” facing foreclosure. The third is a question and answer series.

Things have been moving quickly and we recognize that you will have a ton of questions. Please stay tuned for more information as it becomes available.  Click on the titles below to view the documents.

2009 White House Housing Fact Sheet
2009 White House Fact Sheet Housing Examples
2009 White House Homeowner Affordability and Stability Plan Questions and Answers

A February 16, 2009 article from Realty Times begins:

“First time buyers will get an improved, higher, non-repayable version of last year’s repayable $7,500 tax credit under Congress’s massive $789 billion economic stimulus package.

That in turn should lead to 500,000 additional home sales this year …

more …