A few weeks ago I started a weekly series on the mortgage market attempting to cover important elements from news items to blog posts. Regular readers know I slacked off on this promise after week one. However, I must say I did have good intentions. Inertia is the main issue here and converting potential energy into kinetic energy is difficult. However, I have not forgotten my desire to keep a weekly mortgage round up alive and kicking.
In that spirit, today I want to bring to your attention a brilliant post by the North Phoenix Agent, Heather Barr. She has proposed a very practical way to fix the foreclosure mess. Since she doesn’t trust any of the “big three” presidential candidates to offer anything that would work (she does admire the Obama overall theme though). So in the spirit of citizen government Heather proposes her own “real world” solution. This is a great post and a wonderful read. If only our leaders could think like her!
If you haven’t read it already, then head on over to the North Phoenix Agent Blog. We’d all love to hear from you on what you thought about her plan – so leave your comments. If you like the plan then maybe we can convince one of the candidates to select Heather as their running mate? 
I’ve already made a campaign sticker!
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on Apr 17th, 2008 at 7:47 pm
Her plan is great, if we throw law out the window. Congress cannot place a moratorium on contracts between private individuals. How would you like it if Congress placed a moratorium on your mortgage commissions? It’s not legal, and it shouldn’t be considered.
on Apr 18th, 2008 at 9:35 am
Wade,
That’s a great point. I actually didn’t think of that. So, in this case, instead of there being a law – government would have to ask for voluntary compliance. Which is kind of tough, but given the circumstance may not be as bad a deal as the alternative.
on Apr 21st, 2008 at 4:43 pm
Wade, what’s a little law breaking between friends? Kidding. You’re right I’m sure, and thank you for commenting. Knowing that I’m not responsible for fixing anything other than dinner for my cat makes it a heckuva lot easier to dream up solutions. I’ll check out your site.
Shailesh, illegality of my proposal aside, I LOVE your graphic. My political ambitions are now satisfied!