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Is your program also going to provide no-colateral loans to the sellers to bridge the gap from 50% to what they owe? Sellers can't obsorb the losses and banks won't discuss short sales without them being in default. Personal financing to bridge the shortfall, good luck getting the bank to call you back.

In your program, what happens to houses that aren't up to code? Aren't rentable? Do you think the government should buy $2m homes? $500k? 200k?

There are buyers out there, at least in the Northeast, but the houses on the market are horribly run down. People who have "nice" homes have in many instances decide to sell and the ones that need to sell have let their house hang out there for an extended period of time.


Scott
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