Obama's Plan Offers No Relief For Some Troubled Homeowners

Obama's Plan Offers No Relief For Some Troubled Homeowners

Chadi Moussa lives in a house valued at more than $1 million in Dublin, Calif., in the desirable East Bay area. Unfortunately, he owes nearly twice that much on his mortgage. Mr. Moussa, who runs a used luxury car dealership, is by any definition a troubled homeowner.

But when he looked at President Obama's housing rescue plan, he saw nothing for him because his mortgage was too high.

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