I AM PETITIONING ON BEHALF OF ALL AMERICANS WHO OWN HOMES. MY PHILOSOPHY IS VERY SIMPLE. WHO EVER BUYS HOME NEVER INTENDS TO LOOSE IT OR FORECLOSE IT.THEY WANT TO KEEP IT FOREVER. HOWEVER WITH BAD LOANS IN PLACE AND LOOSING JOBS EVERYTHING FELL APART.
I HAVE A VERY SIMPLE SOLUTION TO THIS MR OBAMA. RATHER THEN GIVING MONEY TO BANKS GIVE THAT MONEY TO HOMEOWNER WHETHER RICH OR POOR AND LET THEM BRING THERE CURRENT LOAN AMOUNT TO CURRENT HOME VALUE. THIS WILL WORK AS A MOTIVATION TO KEEP THE HOUSE. OR ASK THE BANKS TO RE-WRITE THE LOANS AGAIN IN THE NAME OF THE CURRENT HOMEOWNER WHO IS ON THE VERGE OF LOOSING THE HOUSE WHETHER RICH OR POOR AND BRING IT TO CURRENT MARKET VALUE. REMEMBER NEGATIVE EQUITY IS ALSO A HARDSHIP AS LOOSING JOBS.