http://www.foreclosurefish.net/foreclosureblog/2008/07/different-plans-government-officials-have-to-help-foreclosure-victims/ Free foreclosure help and advice Wed, 08 Feb 2012 14:32:08 +0000 http://wordpress.org/?v=2.5-RC3 http://www.foreclosurefish.net/foreclosureblog/2008/07/different-plans-government-officials-have-to-help-foreclosure-victims/#comment-1670 Julie Tue, 25 Aug 2009 11:24:38 +0000 http://www.foreclosurefish.net/foreclosureblog/?p=61#comment-1670 Set Up A Bulk Auction System This auction system would allow lenders to sell off foreclosure loans, in bulk, to other investors or lenders, who would restructure the loan to be more affordable for the foreclosure victim. Once the new loans are restructured, the government would insure the loan again, similar to an FHA or VA loan. The government would also be prepared to purchase the mortgages, in the event the bulk mortgages don’t sell at public auction. Set Up A Bulk Auction System
This auction system would allow lenders to sell off foreclosure loans, in bulk, to other investors or lenders, who would restructure the loan to be more affordable for the foreclosure victim. Once the new loans are restructured, the government would insure the loan again, similar to an FHA or VA loan. The government would also be prepared to purchase the mortgages, in the event the bulk mortgages don’t sell at public auction.

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