financial...? ...rubble. Do we really
need to throw more money at the problem?
I heard about a family in Arizona who's raffling off their home. The catch is the homeowner must ally himself/herself to a charity. The homeowner receives enough money to cover the "appraised value" for his home while the charity keeps anything over this amount. If your appraised value is $100,000 and the raffle garners $300,000, the charity is donated the overage which in this case is $200,000. Not so great for the homeowner if he owes more than appraised value.
The law in Arizona needs to be changed to allow homeowners to raffle off their homes in order to avoid foreclosure either without the need to have a charity along for the ride or to give the charity a reasonable percentage of the profit after the mortgage is completely paid off.
Hey, I don't have anything against charities but we are in the midst of a monumental crisis.
Stop the insanity by empowering not crippling the people.
What do you think?
need to throw more money at the problem?
I heard about a family in Arizona who's raffling off their home. The catch is the homeowner must ally himself/herself to a charity. The homeowner receives enough money to cover the "appraised value" for his home while the charity keeps anything over this amount. If your appraised value is $100,000 and the raffle garners $300,000, the charity is donated the overage which in this case is $200,000. Not so great for the homeowner if he owes more than appraised value.
The law in Arizona needs to be changed to allow homeowners to raffle off their homes in order to avoid foreclosure either without the need to have a charity along for the ride or to give the charity a reasonable percentage of the profit after the mortgage is completely paid off.
Hey, I don't have anything against charities but we are in the midst of a monumental crisis.
Stop the insanity by empowering not crippling the people.
What do you think?