Mortgage Holidays ?
1-2 Year Foreclosure Holiday on Qualified Mortgages.
Underwritten by a recovery asset JV that has key founders. No sub prime scams , just honest people getting back in homes, taxes collected and economy gets going.
Also the allotment of homes can be simplified by Regional / Class / Value metrics of houses that allow us to take Banks and assign them properties more representative of the region where they could or would have written out mortgages and loans. IE : Florida banks would be assigned primarily houses in the FL area. A big part of the problem is no one knows who owns what house.
Large %s of houses are affected by the need to Foreclose without a real sense of who is the Foreclosing Party, and therefore who would you talk to about your home or solutions ? Paper work is getting lost , and people are still losing homes.
A progressive plan like this could also work in Arrears on past issues if requirements are met.
Take a while to piece out what % of what each bank owns.
Other ideas to develop and send on up the chain to DC ( No Lobbyists Needed to Put People Back on Track )
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