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Save Our Economy-A One Year Mortgage Holiday!
saveoureconomy.com/ ^ | A few months | saveoureconomy.com/

Posted on 05/12/2009 8:12:14 AM PDT by Dubya-M-DeesWent2SyriaStupid!

I think this is an excellent idea. When I first heard of this it was misunderstood as a NO MORTGAGE for a year.It is not. It reduces the mortgage payment and would be LIKE refinancing for free. Alot of people said WHO WILL PAY FOR THIS?

It is like forbearance for all. No cost really to the banks or anyone. The banks would win in the end with alot less foreclosures as more people are losing jobs. The banks WILL BE FINE off of all of the stimulus money they are sitting on.

Click Here: Save Our Economy-A One Year Mortgage Holiday.

(Excerpt) Read more at saveoureconomy.com ...


TOPICS:
KEYWORDS: activism; badeconomy; mortgage0; obamatruthfiles; saveoureconomy
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1 posted on 05/12/2009 8:12:14 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

I liked the tax holiday idea better.


2 posted on 05/12/2009 8:14:07 AM PDT by DonaldC
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To: NoObamaFightForConservatives

I’d sure be for that, to help me keep my house.


3 posted on 05/12/2009 8:14:14 AM PDT by jws3sticks (Hillary can take a very long walk on a very short pier, anytime, and the sooner the better!)
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To: NoObamaFightForConservatives
No cost really to the banks or anyone.

You can't be serious.

4 posted on 05/12/2009 8:15:49 AM PDT by 668 - Neighbor of the Beast (It's all resistance...and it's all good.)
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To: DonaldC

Me too, we paid off our mortgage in December (10 years early), so it won’t help me.


5 posted on 05/12/2009 8:16:11 AM PDT by alice_in_bubbaland (Markets and Marxists Don't Mix! Smile you're on Janet's Candid Camera!)
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To: NoObamaFightForConservatives

I’ll live up to my responsibilities, thank you.


6 posted on 05/12/2009 8:17:25 AM PDT by Tijeras_Slim (When I leave this planet, it's gonna know I was here.)
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To: NoObamaFightForConservatives

income tax holiday mo’ betta

the govt is addicted to spending, phantom money it doesnt really have anyway


7 posted on 05/12/2009 8:17:42 AM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: NoObamaFightForConservatives

throw them out in the street!!!!

Pay or lose!


8 posted on 05/12/2009 8:18:12 AM PDT by dalereed
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To: NoObamaFightForConservatives
But it won't disproportionately benefit minorities, so Obama won't do it.
9 posted on 05/12/2009 8:18:31 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.)
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To: DonaldC

I’ll take that too. :) Both of these things is what a good leader (President) would we be doing to truly get us out of the mess. It is not hopeless<——how ironic mister hope left us hopeless) if enough people present both a tax and mortgage holiday idea in a large movement.


10 posted on 05/12/2009 8:19:04 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: NoObamaFightForConservatives

So, the people who invested in mortgage backed securities won’t mind getting zero interest for a year? I guess all the retirement programs and life insurance companies will be fine then. How about if someone sold their house but carried the mortgage for the new owner because the bank wasn’t lending? Will the mortgage holiday apply to that poor sucker too?


11 posted on 05/12/2009 8:19:47 AM PDT by KarlInOhio (No free man bows to a foreign king.)
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To: NoObamaFightForConservatives

Silly me! I get no help, no way! I guess I shouldn’t have paid for my house, or my car. Self-employed, and screwed!


12 posted on 05/12/2009 8:21:19 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: NoObamaFightForConservatives
No cost really to the banks or anyone.

Remember this: there ain't no such thing as a free lunch.
13 posted on 05/12/2009 8:22:16 AM PDT by VegasCowboy ("...he wore his gun outside his pants, for all the honest world to feel.")
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To: NoObamaFightForConservatives
WoW! Are you a socialist that stumbled into FR by mistake?

What about the thousands of local banks and credit unions that depend on the mortgage income to stay afloat? How will they pay the CD interest that comes from the mortgage profits?

Your plan is nuttier than a squirrel turd!

14 posted on 05/12/2009 8:27:10 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: NoObamaFightForConservatives
Day 1 of the post mortgage era: Realtors' offices are largely empty as banks have made it quite clear that they will not be granting any new mortgages for the next year and afterward will require 50% down and much higher interest rates to protect themselves against another mortgage "holiday". The only people able to buy houses are those with cash or cashiers' checks, with the cashiers' checks looked at suspiciously because no one knows if the banks they are drawn on will be in business tomorrow.

Most renters of apartments, office and retail space will benefit as well by receiving a 25% to 50% monthly rent reduction relief, to be negotiated between individual owners and renters, if their landlord elects to participate, as most will, in the One-Year Mortgage Holiday Plan. This would give renters a huge economic boost as well.

Yeah, I have a signed lease from my tenant, but I'll cut that price by 25%-50% without being required to? I don't expect that to happen.

15 posted on 05/12/2009 8:27:36 AM PDT by KarlInOhio (No free man bows to a foreign king.)
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To: NoObamaFightForConservatives

How would turning off one of the primary sources of income for banks save our economy? It’s kind of hard to pay employees when you have no income.


16 posted on 05/12/2009 8:29:31 AM PDT by razorboy
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To: 668 - Neighbor of the Beast
Yes, I am serious I know of two people that were laid off work/and or applied because of any change in income- and they notified their bank and their payments went down 2-3 hundred a month, which helps! This is called forbearance. Who pays for it? Not the homeowners. so I really don't give a rats ass. It saves on foreclosures!

Most mortgage companies got plenty of FUNDING believe me- to open up special branches/offices for homeowners assistance. They are not paying for this and most of the banks offering this Ahem.... cough cough...Citi, were maybe ahhhh could have been- cooking their books anyway, so they HAD to clean up before Uncle Sam arrived. In the long run=less foreclosures.

An example Click Here This is already ordered by Obama anyway he stated "one" does not have to be behind in their mortgage to qualify.

17 posted on 05/12/2009 8:31:38 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: DonaldC

I also agree with your idea of a tax holiday! but how long? 1 month, 3 months, half a year or a full year?


18 posted on 05/12/2009 8:32:23 AM PDT by 2001convSVT ("Only Property Owners that pay taxes should have the right to Vote")
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To: 2001convSVT

A full year of a mortgage and tax holiday and if gas does not go up further we MAY all be ok.


19 posted on 05/12/2009 8:37:32 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Admin Moderator

Can this go in front page news, please? To get the word out?


20 posted on 05/12/2009 8:43:14 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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