Those foreclosed homes can sell…with a little help from government

Muth, Chuck
December 2008
Las Vegas Business Press (10712186);12/29/2008, Vol. 25 Issue 52, pP25
The author offers suggestions on fixing the mortgage crisis and reducing the number of foreclosed, vacant houses. Government, the author suggests, needs to come up with a down-payment assistance scheme to make the house more affordable. He notes that a reassessment of property tax based on actual purchase price and not on assessed value must be done. He also proposes to include rehabilitation money for people who can afford to pay the mortgage but have no money to make repairs.


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