Short Sale Rush
Short Sale Rush – A How-to Guide for Nonperforming Assets, is a controversial book about the biggest Ponzi scheme in U.S. Housing. It was written by an expert, Marian Anthony, a former mortgage executive and founder of a nonprofit mortgage hotline. Anthony suggests that qualified buyers can take possession of abandoned homes, following the provisions in Section 702 of Barack Obama’s Helping Families Save Their Homes Act. Using a Bona Fide lease agreement (paying fair market rents), buyers can contribute rent capital to the bank that holds the paper. This works as a recovery mechanism for banks and default borrowers. Most important, it helps protect homeowners from further losses of home and community values. Many homes are intentional
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