Will Obama's Foreclosure Reduction Plan Help You?

February 23, 2009

Last week, President Obama was in town to announce his plan to help stem the tide of foreclosures. Arizona has been particularly hard hit, which is one reason why he chose to come here to give his speech.

Mr. Obama began by describing how all of us are paying a price as a result of the home mortgage crisis – depressed home values, businesses closing, and high costs to local government.

So, he set out a four-part plan to try to stop the slide in home prices and shrink the foreclosure rate.