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Creating and managing the new United States Sovereign Home-Owner
Investment Trust

All real estate properties included into the Trust should be submitted
at the value of the tax assessment value.

The homeowners new rent will be based on the tax assessment
value at a 30 year mortgage.

The original homeowner has two years to purchase back the property
at the tax assessment value.

If the original homeowner purchases the home it is with
the understanding they can not sell the property for 5 years.
If forced to sell the property it will be at the tax assessment rate.
This prevents flipping.

The financial institution can hold the certificate and receive
interest until maturity or may sell the certificate of the trust
as a 5 year bond.

More below the fold

After 2 years the US government may sell the property at fair value
market rates. The profit goes to the treasury. The homeowner
after 2 years will have to pay market value.

The length of the certificates will be 5 years.

This stabilizes the real estate market.
Gives homeowners a chance to reclaim their homes.
Punishes the financial institution for not doing proper due
diligence, but also allows them to mark to market the
value of their holdings. It also allows the treasury to receive
a fair return for it's risk.

This is one solution to the US SHIT!

Originally posted to VirtualTruth on Mon Sep 22, 2008 at 07:56 AM PDT.

Poll

Will this work

38%5 votes
30%4 votes
0%0 votes
7%1 votes
23%3 votes

| 13 votes | Vote | Results

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Comment Preferences

  •  Tips (2+ / 0-)
    Recommended by:
    revgerry, etara

    This needs no money from tax payers by the way, it is just the full faith of the US government.

    Time will Tell all the Truth VT, Virtual Truth

    by VirtualTruth on Mon Sep 22, 2008 at 07:57:39 AM PDT

  •  Trouble is, that brush fire is now a forest fire (1+ / 0-)
    Recommended by:
    0hio

    raging out of control... because of a little thing called derivatives which I had never tried to understand until this week.

    I think it means the original mortgage was sold and insured at inflated value to multiples of others, and now the forest fire is threatening ordinary people as well as speculators, and someone has to put out the fire.

    However, I like your plan for the homeowner bailout portion of the fire line.

  •  That is a different animal, (0+ / 0-)

    I am only talking about financial institutions (Banks) that hold Mortgages.

    The Derivatives will be written off. Many are held by foreign sovereign investment companies anyway.

    Time will Tell all the Truth VT, Virtual Truth

    by VirtualTruth on Mon Sep 22, 2008 at 08:05:58 AM PDT

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