Turn on the TV today, and there’s a pretty good chance you’ll hear the line, “and I approve this message.” 

Yes, we’re in the heat of one of the most competitive Presidential campaigns in modern history, with more advertising spend than any previous election. While it is possible to gleam information from these ads, as well as following cable news, chances are that the candidate’s economic positions are less than clear at this point.

As a result, we wanted to provide you some insight into the candidate’s plans to address the housing market crisis, so you can make more informed political and economic choices going forward. 

Whether you are a homeowner facing foreclosure uncertainty, or you just want to make sure the economy gets turned around as quickly as possible, this is an important election for the future of this country.

As usual, we are advocating for you and are independent on the race itself - we know that our readers make smart, informed choices.

First, we want to take a look at Senator Obama’s economic plan to homeowners. Obama and Biden’s plan aims at both improving the flow of information to potential borrowers, as well as providing tax relief to certain mortgage holders.

Broadly outlined, there are four elements of Obama’s homeowner plan:

I) Give More Options to Homeowners Forced to Declare Bankruptcy

As part of Obama’s plan to assist distressed homowners, the Senator is proposing to allow bankruptcy court judges to adjust mortgage payments for those who are forced to declare personal bankruptcy. This plan aims to allow those who are bankrupt to have some breathing room so that they can work out of their current debt, while maintaining in their home in a modified payment plan. Read the rest of this entry »

Homeowners need a voice in government. I have been watching to see what democratic presidential candidate would step up to the foreclosure plate and it looks like we have a slugger at the plate. Hillary Clinton! 

Hillary Clinton seems to address the American peoples concerns as Barack Obama tends to ignore them. A quick visit to both candidates websites and you will observe what I am speaking of.

Clinton’s press release page is littered with housing initiatives, statements and possible solutions. A visit to Obama’s website and you are lost in the pictures and quotes of the senator and virtually nothing on the housing crisis that is affecting millions of people in this country. All you will find are issues on the war and race.

Those issues are very important, but Mr. Obama seems to be out of whack with the middle and lower class Americans that are on main street, losing their homes and their dreams. All the while, Senator Clinton delivers not only words, but statements and proposals to solve what is the biggest issue to affect the people of this country in decades and quite possibly ever.

This may be Barack Obama’s biggest campaign mistake thus far……..