Casual Girl asked:


McCain: we have allocated $750 billion. Let’s take 300 of that billion and go in and buy those home loan mortgages and negotiate with those people in their homes, 11 million homes or more, so that they can afford to pay the mortgage, stay in their home.

Obama: Senator McCain and I agree with your idea that we’ve got to help homeowners. That’s why we included in the financial package a proposal to get homeowners in a position where they can renegotiate their mortgages. I disagree with Senator McCain in how to do it, because the way Senator McCain has designed his plan, it could be a giveaway to banks if we’re buying full price for mortgages that now are worth a lot less. And we don’t want to waste taxpayer money. And we’ve got to get the financial package working much quicker than it has been working.

http://www.cbsnews.com/stories/2008/10/16/politics/2008debates/main4525254.shtml?source=RSSattr=Politics_4525254

Chula Vista Real Estate