I think we can all agree that this was initiated by the industry that we all peruse in...the real estate industry. Yikes!!!

I know "hindsight is 20/20"  and if "if" was a fifth, we'd all be broke but lets just dabble a little bit and play around with what could have been.

Lets just imagine a family in a home that they've been in for 7 years, they have about 16k in equity built up and all of the sudden, Whamo! Those rates start adjusting and you know what "hits the fan".

Lets say they're PIMI was total around $1150/month. Well while they scramble around to find some way to account for that $300/mo. increase on their mortgage "Murphy's Law" (which I don't particularly believe in) hits them and one of the spouses get laid off.

So now its really looking bad, that's some pressure, we've all known someone whose been there.

Can you imagine if instead of having $16,000 in equity built up they would have had $39,000 in equity?!?! How much would that have helped?!?!?

What if their realtor at the time would have insisted on their clients getting on a biweekly mortgage?

For some reason or another a lot of us in this industry take this amazing system with a "grain of salt". Most of us in this business know what a biweekly mortgage is and the benefits of being in one but they would rather leave that decison to make a 1/2 mortgage payment every 2 weeks up to the new homeowner, who is already dealing with a lot on new stress. Can you imagine if right before someones house were to be foreclosed on, someone walked up to their doorstep and gave them a check for $23,000?!?!

Its pretty obvious that banks and financial institutions don't need or know what to do with all this money that homeowners are throwing away so I have a pretty unique idea... how about they KEEP IT!

Now in no way am I trying to be cynical but man that suuure would have been sweet! How many homeowners would still be in their homes? Again, I know how hindsight works but man, that sure would have been sweet if all that money banks waste would've have (at a minimum) stayed in these people's piggy bank jars at home. Help me with this crusade and stop this madness, won't you??? 

That's right, this doesn't ever have to happen again and we can all make some additional money that (by the looks of it) banks didn't really want anyway.