HOW TO ACHIEVE MORTGAGE REDUCTION IN PRINCIPAL NATIONWIDE.
Reblog this. Send it to your Representative and Senators. Don't bother the NRA, they can't read and think at the same time anyway.
But, get this in front of as many people as you can as soon as you can before the Congress gets back into town.
REFERENCE my post of yesterday:
SHORT SALES AND FORECLOSURES - GOOD FOR REALTORS AND LENDERS. BAD FOR CONSUMERS AND THE ECONOMY!!!
Tim Maitski asks.
HA! I'm going out on a limb here. Drastic problems require drastic solutions.
Tim wrote:
Lenn, "What you say sounds easy, but how do you implement it? Who gets a reduction and who doesn't?"
ANSWER:
EVERYONE GET THE REDUCTION. Every home owner. Down to assessed value.
The banks are carrying these worthless assets on their books now. Why not have them have a simple one time adjustment to MARK TO MARKET at assessed value??? FAIR VALUE would have a lot more sense than "market value" today in a constantly changing valuation scenario.
Negative equity?? Gone!
Ability to sell?? Viable
Move-up market?? Viable
Foreclosures?? Back to normal.
Short Sales?? Gone
Don't like it??? Opt out. Like it?? Opt in. No paperwork, no qualifying, no pain.Home owners would also be able to keep one thing that the mortgage industry and government programs have tried to strip - - - DIGNITY!!!
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
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