Real estate blog entries tagged with 700 billion by Jay Epstein State Farm Insurance

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Lisa Epstein : Lisa's Blog : Tag "700 billion"

700 billion: $700 Billion Alternative - 09/27/08 02:42 PM

Here's an idea that should spark some debate:
Take $700 Billion and distribute among every American homeowner - effectively paying down up to 10% or so of every homeowner's outstanding mortgage balance. Couple this taxpayer/homeowner payout with a lender requirement to modify all 1st mortgage notes carrying an interest rate of 8% or higher to a lower rate. This provides instant equity and affordability for existing homeowners, stops the foreclosure process in its tracks and would offer immediate relief to our heavily depressed real estate market.
Bill Gates, Cindy McCain, Warren Buffet, Ted Turner, and the Bush Family can pool their … (2 comments)

Related Links:

Lisa Epstein

Ukiah, CA

More about me…

Jay Epstein State Farm Insurance

Address: 488 North State Street, Ukiah, CA, 95482

Office Phone: (707) 468-0179

Email Me

Links

Archives

Find CA real estate agents and Ukiah real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.