Comments on: Foreclosures Continue to Run at Breakneck Speed http://wallstreetpit.com/9439-one-in-every-56-housing-units-received-a-foreclosure-filing-in-july Tue, 22 May 2012 19:21:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kenneth G. Smith II http://wallstreetpit.com/9439-one-in-every-56-housing-units-received-a-foreclosure-filing-in-july#comment-52923 Kenneth G. Smith II Thu, 13 Aug 2009 19:54:45 +0000 http://wallstreetpit.com/?p=9439#comment-52923 Under President Obama’s new approach, property owners should not be removed from a home, but permitted to stay and pay rent. If someone can pay rent, than that same person can pay a mortgage payment if structured correctly. The government is providing $8,000 for first time buyers, so why can’t the government pay part of the payment and have the borrower repay the government in the future?? Instead of a rental payment, let the homeowner make the payment toward the mortgage and the government can cover the difference in a mortgage assistance program which will be repaid over time. Here is an example of how it could work. accuriz.com/RealEstate_Reports.aspx Under President Obama’s new approach, property owners should not be removed from a home, but permitted to stay and pay rent. If someone can pay rent, than that same person can pay a mortgage payment if structured correctly. The government is providing $8,000 for first time buyers, so why can’t the government pay part of the payment and have the borrower repay the government in the future??

Instead of a rental payment, let the homeowner make the payment toward the mortgage and the government can cover the difference in a mortgage assistance program which will be repaid over time.
Here is an example of how it could work.

accuriz.com/RealEstate_Reports.aspx

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