A great article... thanks Dan.It sure does fill in some of the gaps, since the "mainstream media" is telling us NOTHING.I particularly liked these two paragraphs:"What terrifies me … what wakes me in a cold sweat … is that the single most corrupt, inefficient, incompetent and idiotic institution on face of the planet is now trying to “fix†the problem.And that especially frightens me because, the closer I examine the roots of this crisis, the clearer it becomes that it was engineered almost entirely by the very bumbling buffoons who are now charged with ending it: The U.S. government."

As protected as everyone tells you your money is in institutions, a lot of people don't believe it.

Since I didn't, you simply get rid of me and you're free to do as you wish with the property.My credit is highly unlikely to be negatively affected because you're not an institutional lender and you don't report to the credit bureaus.

Median home prices still need to fall at least 35% to bring them into line with median income, assuming income doesn't fall, given the fact that the lending institutions have been forced by reality to return to sane lending practices.

It'sis a small world.As far as Non-Performing Notes go the Institution is the one that discusses with the buyer in regards to pricing.

I am very pleased to introduce my business to the investor community here, but most importantly as a SOLUTION FOR HOMEOWNERS in the midst of the country-wide financial and housing crisis.
As a business professional,...

Depositors will still be insured with the new institution.

I have brainstormed so many ways to structure the deal, but unable to find local institutions don't want anything dealing with residential/mortgage and private investors scared of market.

Banks lent too much money to people and financial institutions that could not pay it back.

In Massachusetts, the borrower needs a lawyer to file an interpleader in court to claim the overpayment.