"Housing is not a part of the economy, housing is the economy"
Charlotte, NC (PRWEB) March 19, 2012
Restore Mortgages announces a 0% mortgage proposal for all homeowners submitted to The White House and Federal Reserve to solve the nation's housing crisis; “Will you work with us to restore America?”
According to several leading real estate sources including Core Logic, Realty Trac and the Wall Street Journal, beginning in 2008 with the global financial meltdown, Americans have lost their homes and home equity. "Additionally, job's, savings and retirement accounts have also been dramatically ill-affected by the current housing crisis. Have you checked your 401K statement lately? However, all can be restored given the acceptance of our proposal to the Federal Reserve Board, based on the bible’s book of Nehemiah Chapter 5," says Faust.
The National Association of Realtors says, "for every two loan transactions closed, one job is created." NAR also estimates that the sale of each home will in time pump $60,000 into the economy. “Given there are 48 million mortgages that need 0% refinancing coupled with 8 million repossessed homes to be resold, the opportunity to close 56 million loans and create 28 million jobs cannot be overstated. Housing is not a part of the economy, housing is the economy,” said Faust. Former President Bill Clinton says the key to fixing our nation’s economy is to start addressing the housing and foreclosure crisis. He said, "It's as simple" as fixing the mortgage business, cleaning up banks' books and letting them, "start loaning again."
"Restore Mortgages was founded in 2010 to address the nation’s foreclosure and housing crisis. Our patent pending mortgage product allows us to function as a secondary market buyer of closed loans mutually serving the interest of homeowners, banks, and the Federal Reserve. The way out of this crisis has already been written, Nehemiah 5:10-12, says Faust.
10 I and my brothers and my men are also lending the people money and grain. But let us stop charging interest!
11. Give back to them immediately their fields, vineyards, olive groves and houses, and also the interest you are charging them—one percent of the money, grain, new wine and olive oil.”
12. “We will give it back,” they said. “And we will not demand anything more from them. We will do as you say."