posted on Feb, 23 2009 @ 09:44 PM
A. Homeowner goes into foreclosure.
B. Foreclosure takes 1 year or so.
C. Homeowner forcibly evicted.
D. Homeowner spends night in motel.
E. Homeowner moves back into foreclosed residence (peaceful demonstration?)
F. Police arrest homeowner for trespassing.
G. Homeowner sent to jail.
H. Homeowner faces court date in two weeks, spends nights in jail.
I. Homeowner sent to jail for trespassing, receives free room and board for 6 months.
J. Homeowner released.
K. Homeowner moves back into empty foreclosed residence.
Problem 1: Not enough jail space - early release for nonviolent crime
Problem 2: Not enough tax dollars to fill jails with peaceful protesters
Government relents, looks for solution.
Government solution: program developed where homeowner pays rent to live in foreclosed home. Rent significantly less than previous mortgage.
Home devaluation continues as economy slides. Dow continues plunge to 5920 to bottom out by 2011.
Time necessary for foreclosure to clear homeowner's credit for this type of foreclosure: 2 years.
At 2 years, homeowner (given first option to refuse) offers to buy home at substantially lower price, paying 1/3 former house payment.
Bank agrees, price fair for newly devalued home.
Win/win situation. Housing sales increase, homeowners return to home paying less.
Contact your congressman or senator and suggest this rental/repurchase plan today. You may help stop a revolution....
[edit on 23-2-2009 by Jim Scott]