Are there private investors ready to do this, and how do we know they can be trusted?

A:

There is at least one group we know of that is ready to arrange private funding: Mortgage Resolution Partners.  They are already partnering with various cities to explore options to address the underwater crisis.  There may be other groups as well.  The credentials and history of any potential partners should be explored.  In order to get our support, any private partner must agree to our core principles that include essential homeowner, tenant, community, and taxpayer protections.


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  • commented 2013-12-01 13:56:18 -0800
    Thank you