Yogidad

Proposed Homeowner Bailout Plans are Loaded With Problems

First: Enjoyed the article and made good points. A complete discussion of the failings of the candidates' proposals would be interesting and helpful.
Also, although I like Lok Sang Ho's general notion better than the candidates', I don't think that the plan would work either. I.e., Deliver an offer based on an appropriate appraisal standard to those owners and/or banks for viable properties. A certain segement of the foreclosure market could be assisted I guess but I don't think you could get very far with alleviating the crises. The same segment would probably voluntarily refinance if reasonable rates were offerred in general and penalties and prohibitions were eliminated.