Details on Obama’s $75 Billion Loan Modification Plan

There is a lot of confusing information floating around about the President’s plan to modify home mortgages — especially regarding who qualifies, when and how the assistance will be available, and its duration.

The Treasury Department has launched a website,, that spells out everything. Click on the link for the “Fact Sheet.” It is nine pages long, but it is a great overview of the program written in plain English.

About Chris Rooker

Chris is an associate broker at Kline May Realty. He began his real estate career in 2003 with the vision of creating a residential sales team that works together to offer home buyers and sellers extraordinary customer service. He manages the activities of the team, and works directly with buyers and sellers. He loves where he works and lives – which is exemplified by his service on the boards of the local Salvation Army chapter and the Belmont Civic Association. When he is not tending the business, he enjoys cooking, reading, and spending time with his wife, two boys, and his family’s beloved schnoodle (miniature schnauzer + poodle), Sadie.