"The time when you need to do something is when no one else is willing to do it, when people are saying it can't be done." Mary Frances Berry
And, boy, is this the TIME! There are properties GALORE! The rates are low and there continue to be more and more properties due to foreclosures and short sales. We need more than stimulus packages, we need SMARTS!
I have written about this before, but I will continue to blog about it until someone takes NOTICE!
Why should a stranger be able to purchase someone's home for significantly LESS, when the owner can afford THEIR home for significantly less, but yet the homeowner can not obtain a loan modification? Does this make SENSE?
I have proposed the following: "a SILENT 2nd department at every bank". Wherein, the owner is financially qualified to STAY IN THEIR home and allow the portion they can not currently afford to become a SILENT 2nd mortgage to the same lending institution. Each year, the owner must submit their financials to the silent 2nd department for re-evaluation to determine if they can now afford to start paying on some or all of the portion in the 2nd loan.
In this way, the owner STAYS in their home and there are LESS homes on the market!
PLEASE! Anyone in government take note! I have submitted this plan to Congressman, Senators......they all like the plan, but no one is fighting for it. Please pass this on to anyone you may know who will take notice.
Thank you! Let's keep people IN THEIR HOMES!
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