Do you know - Obama introduced $75 Billion Plans to help Homeowners who took loans?

Barack Obama introduced a $75 billion foreclosure-fix plan that will help to people in the
current situation his administration told.

This plan aims will aid up to nine million homeowners.

Here just 2 questions from it:

How do I know if I am eligible?
Complete eligibility details will be announced on March 4th when the program starts. The criteria for eligibility will include having sufficient income to make the new payment and an acceptable mortgage
payment history..

I owe more than my property is worth, do I still qualify to refinance under the Homeowner Affordability and Stability Plan?

Eligible loans will now include those where the new first mortgage
(including any refinancing costs) will not exceed 105% of the current market value of the property.

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