The Obama administration released more details Wednesday on its $275 billion foreclosure prevention plan. The administration hopes 9 million homeowners will have the opportunity to refinance or modify their mortgages, helping to dam the flood of foreclosures currently drowning real estate markets

But there are 112 million households in the U.S. What about the other 103 million? Well, unless you can prove that your mortgage payment is more than 31% of all your pretax monthly income you get NOTHING. To put it another way, if you over extended yourself and you’re a deadbeat and don’t pay your monthly mortgage you will rewarded with lower interest rate, and if you do pay your mortgage on time you get NOTHING.

So here’s the Hope Hotline for those who don’t pay their mortgages 888-995-4673 and if you do qualify aside from lower monthly payments, you lucky few, will also can get reductions of as much as $1,000 each year for five years in your principal balance (total of $5,000.00). Those who paid their mortgage payments on time you get NOTHING.

Time for me to get a cup of hot Soup. NO SOUP FOR YOU!

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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