FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..
There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.
A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.
I am not a proponent of bailouts but am one of helping people and this is a very good solution.
