Solution to the foreclosures crisis.
By Lazaro R Gonzalez Mino
May 20, 2009 23:03 Easter time.
I have a plan to solve the crisis of the Foreclosures in USA. This plan is only applicable to the people who can paid at list the half of the monthly money mortgage.
1) The quantity of the money lender it will be the same if you debt is $ 450,000.00 this will continue being your debt $ 450,000.00 to the bank or Mortgage company, the only hat is going to change is the time to paid.
2) If you have a mortgage for 30 years life your new period to paid the mortgage will be 60 years life.
3) If your mortgage monthly payment is $ 3000.00 now will be $ 1500.00 a month
4) If your interest is 6% now will be 3% That solution not affect the owner of the money (Mortgage) but the monthly money that the owner of the property have to paid and the interest rate %, will be the half but at the end the Bank will received all the money the they lend but in the double of the time.
This solution is better to the bankruptcy where the lender will not receive, not even the half of their money. Some time the house is close a lot of time and be vandalized and deteriorate. Some time the more simple solutions are the best. This is a solution of Win – Win.
The lender continue in the home and the mortgager continue receiving their money I request to every body who read this article to pass to all your contacts. I think this is the most easy and just solution for all.
Comments to LazaroRGonzalez@hotmail.com
Profesor Lázaro R González Miño
