President Barack Obama has announced a new package of initiatives aimed at keeping people out of foreclosure. The enhanced Home Affordable Modification Program comes just over a year after Obama announced the original plan. That plan has not delivered for millions of homeowners many of whom are out of work, underwaterâ€”or both. So, is this the rescue plan people really need? More importantlyâ€”is it the rescue plan you need? We have some experts to explain the new program and we're taking calls, emails, and tweets today to answer your mortgage questions.
Dennis Rodkinâ€”Writes the Deal Estate
column for Chicago Magazine
Michael van Zalingenâ€”Director of Homeownership Services at Neighborhood Housing Services of ChicagoPhil Ashton
â€”Professor of urban planning and public policy at the University of Illinois at Chicago RELATED:Facing the Mortgage CrisisMusic Button: Tommy T, "Tribute to a
King", from the CD The Prester John Sessions, (Easy Star)