De-LETO: Depreciating, Lease To Own Mortgage.
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New York, NY (PRWEB) June 27, 2008
A new mortgage system provides a solution to the U.S. subprime mortgage crisis. Mr Raghu will be going to Washington DC by foot, to promote this new mortgage system and raise awareness, while gathering support from the towns and cities along the way. Mr. Raghu will begin his journey in NY City from his home at the Ritz Carlton Residency in Battery Park City, this Saturday, the 28th, at 1 p.m., after a press conference explaining the mortgage workings and purpose for this walk.
Raghu (aka John Giuffre), a real estate broker with Mark David of NYC, is pleased to announce the release of a new mortgage system called: "De-LETO: Depreciating, Lease To Own Mortgage." Details available at roopa.org.
De-LETO duplicates the auto-lease to own system that writes down a depreciating asset while still maintaining the loan's original value.
Mr. Raghu is taking this Save R Homes Walk because all 3 ingredients are finally in place to make this happen now. We hope to tap this opportunity before it passes. The 3 things are:
1) Congress is working on legislation to tackle this housing crisis. We hope to raise public support for their efforts and give our congressional leaders the added momentum to pass this legislation by the 4th of July as they intend to do.
2) The legislation provides the federal funding that will allow the De-LETO mortgage system to cut monthly mortgage payments by half and down payments by 100%. This affordable pricing will jump start the real estate market overnight.
3) This same mortgage program has already been introduced by Moodys & Economics.com from Mr. Zandi himself (Also available at roopa.org). They make an excellent case for this kind of lease to own system, however, our particular system has significantly more advantages and benefits.
Mr. Raghu will be presenting the details of this mortgage system as presented by Mr. Zandi as well as the extra features of his own system before starting on his journey to Washington DC by foot.
Questions & comments contact:
Annie Jennings PR
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