More Ideas and Suggestions

 

-The program described in our main page is even more effective because it works very well with another government program –“Making Home Affordable “ More info here:

 

http://www.treas.gov/press/releases/reports/housing_fact_sheet.pdf

 

and here

 

http://www.treas.gov/press/releases/reports/guidelines_summary.pdf

 

 

 

The result of this is that our proposed PPIFs will be able to combine the savings we described in our initial document (you can find it in our main page FairPPIP.org) with the savings and initiatives provided by the “Making Home Affordable“ program. Our analysis of the combined effect of those two programs working together will be posted on our website soon!

 

 

- Our proposal can be a great way for communities interested in preserving the values of the properties in their area. By joining our effort, they can actively participate in reduction of the number of foreclosures and short sales, and consecutively diminishing the downward pressure on all properties in that community.

 

- It seams that we can work for changes in the way the PPIP works in the following manner: The banks as well as the homeowners will benefit if information about the loans, which are about to be included in a new pool offered for sale, is shared with FairPPIP.org, and with all other interested parties for that matter. We can then contact the borrowers in advance, informing them about the benefits of our program, and eventually getting their interest in participating. We can also determine the price levels/discounts that they are interested in. This will, in most cases, be beneficial for the seller too, as it will increase the interest/demand on the buying side and will thus lead to increase in the price they can get.

 

We gladly accept more ideas. Send yours to us at 2cents@fairppip.org