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Suggestion for Stimulous - NEW LOAN MODIFICATION PLAN

By Randy "Lazarus" McAtee

Real Estate Broker/Owner with Lazarus Realty

March 19, 2009 07:48 AM

WANNA STIMULATE THE ECONOMY?

HOW ABOUT REWARDING THE GOOD GUYS???

Every homeowner who:

has a job
has not been late on their mortgage payment in the last 12 months
is current on their state and federal taxes

GETS THEIR INTEREST RATE MODIFIED TO 4% FOR THE NEXT 5 YEARS.

WHY ARE WE REWARDING INCOMPETENCE????

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1319 W Bullard #4 -- Fresno CA -- 93711
© Randy "Lazarus" McAtee

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Sean Carroll

The Get Off Your A$$ Academy - Manhattan, NY

Real Estate Speaker and "Expert" Coach

what a great concept. Reward those who follow the rules...:)

Mar 19, 2009 07:55 AM

Randy "Lazarus" McAtee

Lazarus Realty - Fresno, CA

Owner/Broker, Lazarus Realty, Fresno California

Novel idea, huh?

Mar 19, 2009 07:58 AM

Greg Cavaiani

Response Realtors - Eagle, WI

I'm in!

Mar 19, 2009 07:59 AM

Diane Daley

Caron's Gateway Real Estate - Northumberland, NH

I agree.. Giving funds to the greed top folk never helps. The people with the least who work the hardest are the backbone of our country along with every small business... feed them some funds and watch it filter up.... the top just hordes it!!!

Mar 19, 2009 08:03 AM

Diane Daley

Caron's Gateway Real Estate - Northumberland, NH

Love your background picture by the way!!!

Mar 19, 2009 08:03 AM

Randy "Lazarus" McAtee

Lazarus Realty - Fresno, CA

Owner/Broker, Lazarus Realty, Fresno California

Thanks Caron. BTW that picture was taken about this time last year.

There are a few more here.

Mar 19, 2009 08:07 AM

Cindy Jones

Integrity Real Estate Group - Woodbridge, VA

Pentagon, Fort Belvoir & Quantico Real Estate News

How about actually lowering the balance of those loans as well to current market value while you are at it.

Mar 19, 2009 08:18 AM

Randy "Lazarus" McAtee

Lazarus Realty - Fresno, CA

Owner/Broker, Lazarus Realty, Fresno California

yes cindy - good idea - write down the loan to 80% of current market value

Mar 19, 2009 08:27 AM

John Mulkey

TheHousingGuru.com - Waleska, GA

Housing Guru

Is the government likely to give a break to people who have demonstrated responsibility? I doubt it. Responsible people didn't vote for most of those clowns.

Mar 19, 2009 08:34 AM