Obama's Mortgage Modification Plan: Will It Work?

[FXexpert]

If you've been following real estate news lately, you've surely heard about President Obama's Mortgage Modification Plan. It seems like an excellent plan, help homeowners & prevent foreclosures by modifying loans already taken out. '

I'm looking for your opinion, what do you think? Do you think the Obama Administration's plan to save homeowners will be effective?

 

[ezrydn]

Here we are, 2 years after your post. What's the answer? LOL I think we all know the answer to that one.