epub Restoring the American Dream

Book description

Are you having problems meeting your mortgage? Do you know someone who is?
Or, are you upset as a tax payer since you are helping to cover these loan losses?
Or, you may be a policy maker, academic, or practitioner. You want to review well researched, “out-of-the-box solutions” to tough problems – like the mortgage crisis.
This book will help you! The book will explain innovative ways of solving the problems. A core component of this solution is called home “Price Appreciation Rights.” Very simply, “Price Appreciation Rights” represent the natural return of house prices to more normal levels after a steep decline. These price increases are already beginning to happen in many markets around the country.
Restoring the American Dream outlines a comprehensive answer to the housing crisis in the United States. Using home Price Appreciation Rights keeps people in their homes while protecting tax payers and the community from mortgage losses and foreclosure. Loan forgiveness will be made available to all homeowners who meet hardship criteria on a fair basis. The authors project that 90% of the losses can be recovered from the increasing value of the property without exposing taxpayers to losses by applying Price Appreciation Rights. In addition, local communities and homeowners will not be exposed to the consequences of foreclosure and property destruction, which are two major problems today. Importantly, the structure of Price Appreciation Rights can be used as a substitute for subprime lending to greatly reduce lending risk, while providing more loans for new credit worthy buyers.
Read the specific ideas on how this approach can work. With your help in convincing your elected representatives, together we can make this happen!

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Restoring the American Dream epub ebook download
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Book info

PublisherSTCP Institute
Release date 02.11.2012
Pages count95
File size5.8 Mb
eBook formatKindle Edition, (torrent)En
Book rating0.7 (0 votes)
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