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Willie L. Armstrong's Blog (3)

Ending the Foreclosure Crisis

I am still exploring the idea of a role REOPRO can play in the foreclosure crisis. I published a blob with my thoughts, but I have not received any reactions to that publication. I accept my approach is aggressive and far reaching, but so is the problem and solutions will require the same degree of effort and determination, but can be worth it. I really think a clearing house approach has some merit and could be a great role for REOPRO. I would welcome feedback from members of the Advisory… Continue

Added by Willie L. Armstrong on January 25, 2010 at 11:40am — No Comments

Ending the foreclosure crisis

My blog about “ending the foreclosure crisis” was an idea to persuade banks to go along with such a program in exchange for the bailout they were getting, but I needed political cover. The plan was devised in mid 09 when there was lots of talk of nationalizing banks and having judges make decisions on bankruptcy for homeowners facing foreclosure. I was offering something that would avoid either of these but at the same time give foreclosure relief. My plan called for creating a “foreclosure… Continue

Added by Willie L. Armstrong on January 19, 2010 at 12:23pm — No Comments

Ending the foreclosure crisis

I have written an extensive proposal on "how to end the foreclosure crisis". I have presented it to several political leaders, but none seem to take me serious because I am not represented by a powerful lobby or industry group. I honestly believe the proposal is a win for the banks, win for the government and certainly a win for homeowers. The thought has occurred to me that REOPRO may be the industry muscle I need to get some attention. The idea behind the proposal is that it does NOT have… Continue

Added by Willie L. Armstrong on January 13, 2010 at 8:44am — 6 Comments

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