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Public Statements

Issue Position: Real Homeowner Relief

Issue Position

By:
Date:
Location: Unknown

We are going to commence petitions in the coming days asking the Governor of Nevada and the President of the United States to issue Executive Orders to stop banks from foreclosing on homes until the homeowners are allowed to reduce the amounts of their mortgages by an amount equal to 50% of the amount the home is underwater.

The homeowner will then be allowed to refinance the total amount owed on the home at a mortgage rate of 5% or less. If at the end of 18 months from the date of execution of the new mortgage, the homeowner has been unable to pay the mortgage payments in full for the most recent 90 consecutive days, the bank at that time may foreclose on the home.


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