Comments on: The Key to Stopping Foreclosure http://www.eforeclosuremagazine.com/avoid-foreclosures/the-key-to-stopping-foreclosure Foreclosure News - Foreclosure Articles Updated Daily! Tue, 31 Mar 2009 21:56:08 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Keith A. Davis http://www.eforeclosuremagazine.com/avoid-foreclosures/the-key-to-stopping-foreclosure/comment-page-1#comment-171 Keith A. Davis Mon, 14 Jul 2008 21:41:54 +0000 http://www.eforeclosuremagazine.com/?p=216#comment-171 This will stop forclosures. The foreclosure rescue plan only helps the hedge funds with has gotten us in this situation anyway. Congress must establish a Federal agency to place the Federal and state chartered banks under protection. freezing all existing home mortagaes for a period of how ever many months or years are required to adjust the values to fair prices, and restructure existing mortgages at appropriate interest rates.Further, this action would also write off all of the speculative debt obligation of mortagage backed securities, derivatives and other forms of financial schemes that have brought the banking system to the point of bankruptcy. During the transitional period, all individual homeownwer foreclosures shall be frozen, allowing American families to retain their homes. Monthly payments, the equivalent of "rental" payments, shall be made to designated banks, which can use the funds as collateral for normal banking pratices, thus recapitalizing the banking systems. Ultimately, these affordable monthly payments will be factored into new mortgages, reflecting the deflating of the housing bubble, and the establishment of appropriate property valuations,and reduced fixed mortgage.interest rates. This shakeout will take several years to achieve. In the interim period no homeowner shall be evicticted from her or his property. and the Federal and state chartered banks shall be protected, so they can resume their traditional functions, serving local communities, and facilitating credit for investment in productive, agriculture, infrastructure, etc. State governors shall assume the administrative responsibilities for implementing the program, including the "rental" assessments to designated banks, with the Federal government providing the necessary credits and guarantees to assure the successful transition. We need the support from all citizens of these United States of America to save their homes. DON'T BELEIVE THE HEDGEFUNDS OR THE SPECULATERS" We need to pass the HOMEOWNERS BANK PROTECTION ACT OF 2008 RIGHT NOW!!!!! SO call or write your congressional leaders and get this bill passed right away. Last year in 2007 we predicted this crisis and nobody took any intrest in this bill for 2007. if Americans don't act now. Your local chartered banks that you write checks and cash checks and save money. will disappear just like your homes.in forclosures. don't be the next victim in losing your homes. The Keith Davis Show Las Vegas Nevada (301) 534-1386 This will stop forclosures.

The foreclosure rescue plan only helps the hedge funds with has gotten us in this situation anyway.

Congress must establish a Federal agency to place the Federal and state chartered banks under protection. freezing all existing home mortagaes for a period of how ever many months or years are required to adjust the values to fair prices, and restructure existing mortgages at appropriate interest rates.Further, this action would also write off all of the speculative debt obligation of mortagage backed securities, derivatives and other forms of financial schemes that have brought the banking system to the point of bankruptcy.

During the transitional period, all individual homeownwer foreclosures shall be frozen, allowing American families to retain their homes. Monthly payments, the equivalent of “rental” payments, shall be made to designated banks, which can use the funds as collateral for normal banking pratices, thus recapitalizing the banking systems. Ultimately, these affordable monthly payments will be factored into new mortgages, reflecting the deflating of the housing bubble, and the establishment of appropriate property valuations,and reduced fixed mortgage.interest rates. This shakeout will take several years to achieve. In the interim period no homeowner shall be evicticted from her or his property. and the Federal and state chartered banks shall be protected, so they can resume their traditional functions, serving local communities, and facilitating credit for investment in productive, agriculture, infrastructure, etc.

State governors shall assume the administrative responsibilities for implementing the program, including the “rental” assessments to designated banks, with the Federal government providing the necessary credits and guarantees to assure the successful transition.

We need the support from all citizens of these United States of America to save their homes. DON’T BELEIVE THE HEDGEFUNDS OR THE SPECULATERS” We need to pass the HOMEOWNERS BANK PROTECTION ACT OF 2008 RIGHT NOW!!!!! SO call or write your congressional leaders and get this bill passed right away.

Last year in 2007 we predicted this crisis and nobody took any intrest in this bill for 2007. if Americans don’t act now. Your local chartered banks that you write checks and cash checks and save money. will disappear just like your homes.in forclosures. don’t be the next victim in losing your homes.

The Keith Davis Show
Las Vegas Nevada
(301) 534-1386

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