November 24, 2015
An easy way to help and save homeowners
We've been suggesting this for years: A program for new and less wealthy would-be homebuyers in which the federal, state or local government became an equity partner with the purchaser. At the time of sale, the federal government would get its share back including its portion of the increase in value. This program would be immensely popular not only with would-be home buyers but with the real estate industry. And the beauty is that it could easily be a money maker. The system could also be used to prevent foreclosures. The government would become an ownership partner and keep the house afloat.