I know that stress is unusual for a foreclosure experts who do what we, the real estate market to work properly now has a care plan guides that truly delivers the goods needed, but I'll explain why I say that.
Foreclosures, as I have been in countless articles and speeches around the country to establish a compensation mechanism, an integral part of the mechanism of our real estate system and our economy. As a percentage of home ownership, foreclosures, are alwaysbe, because this mechanism, a number of things automatically:
1. Listening to the real estate market from overheating by increasing the number of foreclosures, organically, as more homes bought and sold and some will inevitably conflict with the needs and fail to take into their homes.
2. You publish new money into the system and the economy to stop early in the case of a building at a standstill, which the owner can not afford to maintain, which in turnnowhere.
3. It allows companies were frozen and the "dying", sold for back in the housing market and affordable, to monitor the new owners of the great American dream of home ownership.
How can I be before the date of this mechanism flooded with foreclosures more the system must produce, it may not function properly and begins to imbalances in the housing market, more harm than good for the industry as the causewhole.
Proposed rescue plan, which freezes presumably Adjustable Rate Mortgages (ARM), so that those who might not be able to make them actually be able to do this and do not lose at home does not go far enough.
Let Corona, California, where the mortgage-relief plan to help urged by the government, the debt-laden owners across America. But we can do it disappointed the hopes and fresh tensions in this city, during the subprime lending mushroomsBoom.
The problem is that the proposed loan in a very arbitrary and predators, which effectively removed many of the criteria for lending joined the rescue plan that comes with a strict set of criteria, many homeowners simply need can not match.
Nationally, in California, is among the leaders in foreclosure filings this year. E 'carving record numbers of state for standard messages, and homes lost to lenders in the June-to-September quartersecond DataQuick Information Systems in La Jolla, California, real estate research firm.
The time has come together to devise a rescue plan that actually mortgage relief. Then and only then the foreclosures we see the work as organic, the compensation mechanism we know and begin to create the true value of our real estate economy.
Jeff Adams
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