fireofenergy

Obama's Homeowner Stability Plan: How Helpful Will It Be?

I was one of the dummies who fell for the "American dream" in '07. I instantly knew I messed up when the week after I bought when I heard "The bubble is about to burst" news. So I tried to sell (no realtor's wanted me). So I had signs for the same amount I paid... didn't work so I had to walk away because I was scammed. The guy said I could refinance but had to wait at least a year (because they got me in with lousy credit, that's why I am to fault because I should't have paid so much per month). Anyways, it foreclosed and was bought for 4/5ths my price. Since then, the prices continue to fall.

So anyone with such overpriced payments should walk away! That way houses well become more affordable!!!

This Obama money would be better spent on massive renewable energy storage (for 24/7 electrical generation) and development!!!