Dr. Jackpot

Expert: Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems to Succeed

NO!---This is wrong. You are treating these deadbeats like children caught with hands in the cookie jar. This will perpetuate irresponsibility BIG TIME.
Over half the foreclosures are from those opting out because they aren't gaining. THEY CAN PAY------but won't because if everybody else is doing it why shouldn't they? It's like free for all sex. You can get away with it now.
Those who elect to opt out should pay 5 years interest over time and collected by the IRS who can track you anywhere. If you want to do this then-------O.K.--walk. But don't expect a free ride while 85% keep paying. But sadly the effort by GOV is really NOT to save homeowners but to use that as the excuse to actually bail out financials. So the freebies will be given-----under the smoke screen of helping home deadbeats.