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Practical help for homeowners

June 2, 2008

Analysis of:The Role of Fair Value in the Subprime Mortgage Metltdown | www.aicpa.org

The article goes into sub-prime mortgage valuations. i wanted to add a couple of comments about the negaitive effects of homes/properties being repossessed. This causes losses for the lender as they do not recover the principal and interest outstanding. It causes devastation and financial and social/psychological loss for the families evicted. I feel governements could assist i delaying repossessions by offering grant/ cheap loan funding to home owners who cannot keep up payments, especially to homeowners who are borderline welfare homeowners. By offering grant/ cheap loan bridging funding the lenders and home-owners and the government (if they need to provide welfare/housing after repossessions) would all benefit.

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