From the NY Post:
"I started having problems one year ago," Khoda recalled. "Sometimes, the tenant wouldn't pay his rent. Then I had a lot of repairs and renovations to the home."
Then the economy tanked. "Business went down about 50 percent," he said.
After he paid the rent for his store, there was nothing left to cover the mortgage - so he stopped paying it about a year ago. He tried and failed to sell the home.
Khoda is hoping that he will qualify for Obama's plan to allow some struggling homeowners to refinance their loans, potentially saving hundreds of dollars a month.
Obama's plan, he said, "gives us some hope."