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Another Approach to $700 Billion Bailout
If a property was sold and the entire amount was not repaid, the borrower would be required to pay $500 a year until the debt was fully paid off. In effect, the pay-off system would resemble the concept approved over the summer for first-time home buyers, a system which provides a $7,500 tax credit up front that must be repaid when the property is sold." Thank you for the link. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Another Approach to $700 Billion Bailout
    If a property was sold and the entire amount was not repaid, the borrower would be required to pay $500 a year until the debt was fully paid off. In effect, the pay-off system would resemble the concept approved over the summer for first-time home buyers, a system which provides a $7,500 tax credit up front that must be repaid when the property is sold." Thank you for the link. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE