https://realtybiznews.com/oregon-foreclosures/9873185/ With the latest on mortgages, refinancing, real estate & home tips Wed, 16 Nov 2011 06:03:31 +0000 hourly 1 http://wordpress.org/?v=3.2.1 https://realtybiznews.com/oregon-foreclosures/9873185/#comment-12610 Justaluckyfool Mon, 06 Jun 2011 13:38:00 +0000 https://realtybiznews.com/?p=3185#comment-12610 Why does everyone seem surprised ?The answer to the present dilemma is,to Quote fromer Sect Treas. Hank Paulson,when interviewed by FOX News,when he was asked..." of the 737 Billion dollar TARP money how much...will be lost? Mr Paulson answer, "WE WILL NOT KNOW UNTIL THE HOUSING CRISIS IS RESOLVED" Perhaps,it was too good to be true,because they have done EVERYTHING else but resolve that issue. They tried by giving billions to banks,but they used that money to make money (can you believe that...banks using low cost money to make money instead of righting a wrong ?)And because they still stand a chance to get a better buck they will foreclose insteade of mediate because ?they have a chance of getting some of the money from AIG (their mortgage insurer,that is "too big to fail" and therefore getting free government money) THE SOLUTION The solution is simply.It will stabilize prices It will increase employment and lower the national debt. YOUR PRAYERS HAVE BEEN ANSWERED STEP ONE: The Federal Reserve Bank will purchase ALL "underwater loans,Toxic loans and foreclosures at Fair Market Value plus 10%.The FRB will use..not yet revealed .QE3...for up to $10 trillion dollars. K.I.S.S. Wouldn't this be an immediate solution to the housing crisis! Wouldn't this create 2 million jobs in construction and real estate . If you think that is a dumb dream, wait you have got to hear how it reduces the national debt ! The FRB will then underwrite ALL new loans with a special assumable mortgage with 36 year loans @3% and to qualify you must have paid taxes for two years and showed earnings that would allow the LOW AFFORDABLE MONTHLY PAYMENT.A $100,000 mortgage would be less than $600 per month for PRIN + INT. These loans would provide a $10 trillion dollar TAXPAYER PROFIT! Goodbye NATIONAL DEBT.This could be considered no increase in the national debt as it would be an investment 100% secured by American real estate in America. Why is this a fairy tale. THE BANKERS WILL NOT ALLOW THIS TO HAPPEN. PERIOD . They would kill if nesessary , rather then not have a $20 trillion profit from these notes over a 30 year period. bestsolutionsfl Why does everyone seem surprised ?The answer to the present dilemma is,to Quote fromer Sect Treas. Hank Paulson,when interviewed by FOX News,when he was asked…” of the 737 Billion dollar TARP money how much…will be lost?
Mr Paulson answer, “WE WILL NOT KNOW UNTIL THE HOUSING CRISIS IS RESOLVED”
Perhaps,it was too good to be true,because they have done EVERYTHING else but resolve that issue.
They tried by giving billions to banks,but they used that money to make money (can you believe that…banks using low cost money to make money instead of righting a wrong ?)And because they still stand a chance to get a better buck they will foreclose insteade of mediate because ?they have a chance of getting some of the money from AIG (their mortgage insurer,that is “too big to fail” and therefore getting free government money)
THE SOLUTION
The solution is simply.It will stabilize prices It will increase employment and lower the national debt.
YOUR PRAYERS HAVE BEEN ANSWERED
STEP ONE:
The Federal Reserve Bank will purchase ALL “underwater loans,Toxic loans and foreclosures at Fair Market Value plus 10%.The FRB will use..not yet revealed .QE3…for up to $10 trillion dollars.
K.I.S.S.
Wouldn’t this be an immediate solution to the housing crisis! Wouldn’t this create 2 million jobs in construction and real estate .
If you think that is a dumb dream, wait you have got to hear how it reduces the national debt !
The FRB will then underwrite ALL new loans with a special assumable mortgage
with 36 year loans @3% and to qualify you must have paid taxes for two years and showed earnings that would allow the LOW AFFORDABLE MONTHLY PAYMENT.A $100,000 mortgage would be less than $600 per month for PRIN
+ INT.
These loans would provide a $10 trillion dollar TAXPAYER PROFIT! Goodbye NATIONAL DEBT.This could be considered no increase in the national debt as it would be an investment 100% secured by American real estate in America.
Why is this a fairy tale.
THE BANKERS WILL NOT ALLOW THIS TO HAPPEN. PERIOD .
They would kill if nesessary , rather then not have a $20 trillion profit from these notes over a 30 year period.
bestsolutionsfl

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