Helping Florida Homeowners - President's Homeowner and Stability Plan
The $789 billion economic stimulus plan was signed on February 17th, 2009 by President Obama during his visit to Denver, CO.
Help for Homeowners across America, especially in states such as Florida, Arizona and California is on its way as it was announced today. While visiting Phoenix, AZ President Obama announced the $75 billion in mortgage relief plan to help approximately 9 million homeowners from loosing their homes. This plan is designed to help folks, who owe more than their current home value with refinancing and reorganizing their current loan to avoid foreclosure.
This new plan will not help every Lakeland Florida homeowner, this program is limited to loans held or secured by Fannie Mae or Freddie Mac. This plan will not help you if you did not live in the home, it will not help if you were taking risk such a flipping homes, or if you knew you could not afford the home
Now, I'm sure you are thinking right now "How I can get help?"
There are rules of course and details are scheduled to be announced by March 4th, 2009 - Mark your calendar!
In the meantime, there are Frequently Asked Questions posted you may want to read about:
I'm current on my mortgage payments, but the value of my Florida home decreased - can I get help?
Am I elgible to refinance Lakeland Florida home?
Can I still qualify to refinance my home, if I have a first and second mortgage under this plan?
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Helping Florida Homeowners - President's Homeowner and Stability Plan
Petra Norris - Realtor®
Licensed Florida Real Estate Broker
CDV TransAtlantic, Inc.
P.O. Box 92050 - Lakeland, FL 33804-2050
Telephone (863) 618-6919
Petra Norris - REALTOR®, SFR
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
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Hi Petra! Great explanation and links to a very hot topic for your consumers (and mine)!