Tuesday, February 16, 2010

Good Idea?

There are a few ideas that have been bandied about relative to the foreclosure problem that our market faces.....
One that is gaining more and more momentum is that of debt forgiveness. This concept is more than simply forgiving what people owe....the best of these proposals would also include those that have debt forgiven, would be required to share any gain when the house is sold ( 50%). while not perfect, this idea could be the absolute best way for our real estate market to clean out some of the things that are keeping the market from stabilizing and moving forward with more certainty and confidence.

see the following link http://www.realtor.org/RMODaily.nsf/pages/News2010021503?OpenDocument


What do you think of that idea? Let me know your comments, I would love to hear them.

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