Presidential Hopefuls Thoughts on Mortgages

So we wake up a new day in the United States of America with a new Presidential elect to be sworn into office soon. US Senator Barack Obama, a man that comes literally out of know where.  Yet, willing to lead our country that literally seems to be behind the eight ball.

I don’t envy any person, man or woman that has to fill those shoes. There is no doubt Obama has a tall order to fill. There is so much to say about this current (almost finished) campaign between McCain and Obama that has made history. Especially the sorrel moment of witnessing the citizens of American elect the first African American President to lead the United States of America.  Definitely a huge moment of growth for our country, indeed.

I’m not a die-hard political groupie and in fact, I was rather bored of all the mud slinging of local and national candidates. I will be looking forward to not having to listen to the media and infomercial’s about politics. What I am looking forward to is seeing if this history making moment by electing Obama as our newly elected President will bring change and if his promises made will help this country recover. 

It is more interesting to me obviously being in the real estate industry of the Presidential hopefuls thoughts on Mortgages, I remind you:

McCAIN: “I would order the secretary of the Treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes — at the diminished value of those homes and let people be able to make those — be able to make those payments and stay in their homes. Is it expensive? Yes. But we all know, my friends, until we stabilize home values in America, we’re never going to start turning around and creating jobs and fixing our economy. And we’ve got to give some trust and confidence back to America. I know how the do that, my friends. And it’s my proposal, it’s not Sen. Obama’s proposal, it’s not President Bush’s proposal. But I know how to get America working again, restore our economy and take care of working Americans.”

OBAMA: “This is not the end of the process; this is the beginning of the process. And that’s why it’s going to be so important for us to work with homeowners to make sure that they can stay in their homes. The secretary already has the power to do that in the rescue package, but it hasn’t been exercised yet. And the next president has to make sure that the next Treasury secretary is thinking about how to strengthen you as a home buyer, you as a homeowner, and not simply think about bailing out banks on Wall Street.”

This is a very interesting topic for me and many of you I’m sure. I hope Obama is up for the challenge ahead of him with not only the mortgage mess we find ourselves in but the entire country’s dilemmas.  Let’s keep an eye on the silver tongue, smooth talking newly elected President and pray he has this country’s best interest at heart.

I’m not naive to know that it took us time to get in this economic mess and it will take time to get us out. I, for one will be watching a little bit closer now to see if Obama’s presidential campaign “We Can Change” theme will come to light.

I pray that Obama’s presidency is guided with wisdom, strength and fairness. I pray he leads this country out of this mess we find ourselves in, and I pray he has the courage to be truthful (as he promises) to the people, we the people, this country.  I pray for his family, his safety and his health as he has a long road ahead of him. 

I’m grateful to be living in a land that provides us the freedom’s we share, we enjoy. I’m grateful to be living in this great country that has the right to elect officials and freedom of speech. I’m grateful that we have honorable men and women leading our country and look forward to “change” and growth and perhaps bringing all citizens on the same page and same chapter of this new novel.

God Bless America and the men and women who lead us!

We cannot fulfill our vision and our commitment and our interest in a free and diverse future without unceasing vigilance, devotion, and, most of all, perseverance, a willingness to stay with it, a willingness to do with fatigue, a willingness not to accept easy answers, but instead, to maintain the burden, as the people of this State have done for 100 years, and as the United States must do the rest of this century until finally we live in a peaceful world.

          - President John F. Kennedy - September 26, 1963