How to Fix Housing - 1 of 2

The Solution:
1. MANDATE Lenders accept the net proceeds of the FHA HOPE for Homeowners program (approx 92% of the present appraised value of the property).
2. Mandate Homeowners execute a "SILENT SECOND" in favor of their present Lender valued at 50% of the equity due whenever Homeowner sells their property.
3. STREAMLINE the FHA HOPE for Homeowners Program based on Owner Occupancy and Timely Initial Fixed Interest Rate Payments.

Please find both your State Senators, Representative in the House and the President. here:

visi.com/juan/congress

Type or paste the 3 step solution on a Letter, and email and a fax.

Send it to all 3 of your Congress members and the President.

Finally, CALL THEM! Tell them to pass this into LAW.

Category:

News & Politics

Tags:

• Fix
• Housing

[EnriqueRealtor]

If you like this video, check out the new one, thanks!

[humboldthammer]

Great idea. Let's get this recognized. I'll do my part and try to get friends involved. Not a perfect solution, but the best I have heard so far, and similar to my own thoughts on this subject.

Any thinking lender should see the positives in an equity share as opposed to an REO.