Mortgage Rescue Plan: Ultimate Source of Survival For the Homeowners

US President Obama has launched an aggressive mortgage plan with the objective of helping 9 million homeowners who are struggling to pay back their home loan due to nation’s financial crisis. Basically, the Obama plan is centered on two groups of homeowners: the first is those who are facing foreclosure due to missing payments and default, the second is those homeowners who cannot refinance to a better rate due to falling prices in the housing market.

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