How to fix Mortgages at ZERO cost to TAXPAYERS

MANDATE
1. Lenders accept net proceeds from FHA HOPE for Homeowners Program.
2. Homeowners execute Equity Share Silent Second worth 50% of Equity upto Deficiency - Due on Sale.
3. STREAMLINE the FHA HOPE for Homeowners Program Underwriting Guidelines.
Buying the "Toxic Assets" (bad mortgages) is a needless abuse of our money. Both Lenders and Homeowners must deal with the burden and the benefit NOT THE AMERICAN TAXPAYER!

Category:

News & Politics

Tags:

• Fix
• Housing
• Banking
• Economy
• Toxic
• Assets
• No
• Bailout

[EnriqueRealtor]

Thank you so much. Believe it or not, I have tried since April 7, 2008 when I faxed over400 members of Congress this same solution. It was originally 4 pages then in May I cut it down to 2 pages. Eventually, I started posting videos in October - BEFORE the bailout vote. I was desperate to be heard by Congress. I faxed, called, emailed and posted videos but no one listened or misunderstood. I really appreciate your comments, thanks again!

[humboldthammer]

An improved explanation. Gives both the homeowner and the lender a chance to make something from nothing. No Tax dollars involved, places the burden and the benefit on the lender and the homeowner. Doesn't reward irresponsible homeowners. Win-Win-Win.