BiggerPockets Offers Alternative Bailout Plan by Quicken Loans’ Chairman

[Joshua Dorkin]

BiggerPockets is pleased to welcome Quicken Loans Chairman Dan Gilbert as a guest blogger on October 8th, 2008, in order for him to share his "Solution That Works" alternative to the $700 Billion bailout plan passed by the U.S. Congress and signed into law by President George W. Bush last week.

"This proves once again, that BiggerPockets is more than just a site for social networking or real estate education and information; it is a site that helps offer solutions to the increasingly complex real estate and economic issues of our times," says Joshua Dorkin, founder and CEO of BiggerPockets.com.

In his post, Gilbert discusses why his plan can help solve the foreclosure issue head on while at a fraction of the cost of the$700 billion government bailout plan.

"Our nation's financial recovery must begin at home with the homeowner," says Gilbert. " Enacting measures that keep homeowners in their homes is the only real way to stem our financial crisis."

Quicken Loans is the nation's largest online mortgage lender.

"We, at Biggerpockets.com, recognize that the global financial panic we now all face will require a multitude of solutions. There simply is no cookie cutter approach," cautions Dorkin. "That is why, Dan's guest blog goes a long way toward helping us all find what thus far seems to be that very distant light at the end of the tunnel."