Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The federal government can't solve this crises on its own
FORECLOSURE CRISIS NEEDS PRIVATE-PUBLIC PROGRAMS
By David M. Petrovich
For hundreds of thousands of homeowners across the United States it is increasingly difficult to believe in the guarantees of "life, liberty and the pursuit of happiness" as the American Dream of homeownership evaporates along with jobs, retirement savings, college funds, and home equity.  It will require new models of private-public partnerships to reverse the foreclosure crisis that has spread from sea to shining sea.
"We the People" of the United States are desperate for help.  It is a priority to create realistic programs to stabilize the residential mortgage market and reduce the rising tide of foreclosures throughout the nation.  At the end of 2008, almost ten percent of all mortgages in the United States were either delinquent or in foreclosure, according to the Mortgage Bankers Association.  These are ominous signs for real estate values across our country.  As homeownership rates plunge and equity evaporates, we all suffer the negative effects on our quality of life. 
As the magnitude of the foreclosure tsunami grew, the federal and state governments adopted programs encouraging lenders to modify troubled loans.  These efforts failed miserably as they did not stop the free fall in home ... more

__________________________________________________
Are you on The Rain? Grow Your Network!