Dear Alabamians,
Are you having a difficult time paying your mortgage under the Obama Economy? In the past nine months, the American economy has all but collapsed. Sure, trillions of dollars in government economic stimulus will temporarily inflate the stock market. Long term, we are in deep doo-doo. Taxpayers will pay more for current government expenditures. It is called price-wage spiral and the government is purposefully pumping out trillions of dollars in order to raise inflation. Why? "Democrats have short term memory loss, and they are just plain stupid when it comes to micro and macro economics."
Have you recently foreclosed on your home? Your second home? Your beach house? Your cabin by the lake?
Here is the solution to our foreclosure problems in Alabama:
Current Mortgage-Interest Financing:
$200,000.00 Conventional Mortgage 5% compounded interest
$1,073.64 monthly payment/No PMI
x 360 months (30 years)
=$385,510.40 over a period of 30 years. $185,510.40 in compounded interest.
Alabama Mortgage Solution Program:
Alabama Investment-Solution Program 20%, 15%, or 10% Simple interest fee.
A mortgage is the largest investment most Americans make in their lifetime. We can help ourselves (Government) by eliminating the compounded interest trap.
So, you are asking yourselves the following question: Why do we not have this option today?
Answer: You have no visionary leadership in the State of Alabama. Some states currently have similar mortgage program opportunities for their citizens.
The Federal Reserve Bank and all chartered member banks lend/finance/mortgage money that does not actually exist in circulation. The lack of a strict or tight monetary policy has artificially inflated the cost of materials, labor and property, so the cost of homes rise faster than standard inflation rates. New home buyers purchase homes at overinflated costs.
Who benefits? Lending institutions.
Who loses? Consumers. Taxpayers. Builders. Homeowners. State and Local governments.
Let's say you have paid your mortgage for the past seventeen years and your $40.00 per hour blue collared job was outsourced to China or Mexico. You can no longer afford to make your mortgage payment.
What happens? The bank takes your home and puts you and your family out on the street. After 17 years of mortgage payments, you get nothing. You lose all of your equity. The bank turns around and sells the home at or above current market value and then files a loss statement on their federal and state corporate tax returns. OR OR OR OR The banks beg the federal government to award them trillions of dollars in stimulus/subsidy/TARP payments. The bank employees then go on vacation with your money. Smile. Welcome to Socialism.
Solution: All Alabama State Citizens will qualify for the Alabama Foreclosure Solution Program. Every State Citizen will be eligible to refinance their existing homes, second homes, beach homes and cabin by the lake homes under the rules and regulations of this new competitive cooperative program.
How? We will take a page out of their playbook. State bond money. To legally finance a $200,000 mortgage we need only sell $20,000 in bonds.
Why have all of your current elected representatives sat on their heels and done nothing about Alabama foreclosures? Is it ignorance, stupidity or guilt?
