Question by Eric: what program has president obama put into place for homeowners losing so much of their value on their houses?
new programs for homeowners
Best answer:
Answer by Age of Reason
None. No one can make the value of a home increase.
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Obama, personally, doesnt care about the value loss that we have all experienced. If he does anything, he will take from the rich and give to the poor.
The only program I know of is Making Home Affordable which will help *some* homeowners to refinance their mortgages. It does NOT cut down what they bought the place for or their loan, it just makes it easier for some to make the payments.
Real estate is like any other investment. Sometimes you win, sometimes you lose. The government shouldn’t come in and rescue people just because their investment lost.