I would like each candidate to explain how is he intend to solve housing crises that brought world-wide econom?
Answers:0 | LastUpdateAt:2012-11-04 20:51:59
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Unless and until the homeowners are given amnesty (modify the loan to the current market value, as banks are doing when they agree to short sale) housing market will NOT recover for several years to come. If banks are willing to cut their losses, when they are short sale properties to new buyers, why are they evicting the current homeowners who are going through hard times, instead of allowing them keep their home by principal reducing modification?
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