HOW TO FIX HOUSING WITHOUT COSTING THE AMERICAN TAXPAYER $1.00!
1. MANDATE Lenders accept net proceeds from FHA HOPE for Homeowners Program (about 93% of the current appraised value).
2. Homeowners execute a "SILENT SECOND" in favor of Lenders - valued at 50% of the equity whenever Homeowners sell their property.
3. STREAMLINE the FHA HOPE for Homeowners Program.
* Lenders have cash liquid - NOW!
* Money circulates - NOW!
* Lenders Retain Equitable Vesting (Silent Second).
* Homeowners remain in their homes with Reduced: Principal, Interest and Payments.
* Funds are deposited into FHA Insurance Pool (to cover future foreclosures).
* Investor's (Wall St) confidence is restored as they'll know mortgages will get paid again and are Federally Insured (FHA).
* Economy naturally expands.
* Jobs are created.
* We close the books on ALL Toxic mortgages.
If you don't like it, you don't understand it.
It isn't that I disagree, it's that you misunderstood. I don't know where you got me saying bailout - THAT I disagree with.
EnriqueRealtor 2 years ago
Bailout? What Bailout? Watch the new video with better explaination of the same.
EnriqueRealtor 2 years ago
I don't disagree but realistically, we need to find a better medean that a bailout for either Lender or Homeowner - it's not the Taxpayer's fault!
EnriqueRealtor 2 years ago
You're not hinking. It is simple. Let the Lender and Homeowner carry the burden and reap the benefits on their own. Again, watch the new video posted March 25
EnriqueRealtor 2 years ago
Please watch the newest video, maybe it'll explain the same a little better. REMEMBER, no bailout money is being used in this plan for the Lender or Homeowner. Please think about it.
EnriqueRealtor 2 years ago