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underwater homeowners action
  • quill49 October 2011 +1 -1
    Lower housing prices and interest rates are good for the middle class.
    Higher housing prices and interest rates are good for banking executives, real estate brokers, appraisers and investors.
    Underwater mortgages are primarly the fault of the lender, not the borrower; the lender is the expert, the borrower the victim.
    Long term non-payment of mortgage without lender repossession is an advantage not to the occupant but to the lender.
    The best long term solution to the housing situation is for underwater mortgage holders to vacate and give the keys to the lender.
    Government has made efforts to keep underwater homeowners in their homes to protect banking executives and investors, not the homeowners.
    A day to hand the keys to the bank should be delcared every three months untill as such time as there are no more underwater mortgages.