Hot Docs: Treasury's Foreclosure Prevention Plan Guidelines

Hello,

I'm a full time employed disabled veteran on the verge of going into foreclosure. I thought for sure after hearing about this mortgage foreclosre program that I would qualify becaue I met all of the manadatory requirements. (Financial hardship, on the verge of foreclosure.) When I called my lender (Countrywide) they told me that they couldn't help me, and that I should consider selling the property. I think Obama's plan is a croq, especially if you meet all of the qualifications, and yet your lender suggests selling the property rather than refinance me, or offer to move my late payments to the end of my loan, or something. So if a full time employed veteran like myself gets turned down for some help with my mortgage to prevent foreclosure, then I feel extremely bad for all the folks that also qualify for help, but won't get it. Even though our tax dollars are being spent on helping home owners keep their homes with foreclosure prevention programs set forth by the president, I'm convinced that our government says one thing, and does another. Obama may have good intentions, but unless the lenders follow his guidelines, his power is useless. I would love to take 5 minutes and talk it over with a pro on your team to help me take other steps.

Richard Tucker of TX 12:11AM March 13, 2009