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Shrink Your Home Loan: Obama's Foreclosure Prevention Plan

By
Real Estate Agent with Coldwell Banker
Housing EconomyThe following is a true story. I have a family member who bought her home in 2005. The economy was better then and real estate was hot in Boulder Colorado. Prices were high, inventory was low, and banks were more lenient with loan qualifications. She makes over $50,000 and has a steady job. However, she just had a baby and would like to buy a bigger home. As expected, she got her home ready to list and had the home appraised first in order to determine a price. What do you guess happened? Click here to find out.