US Citizen's Legislation Bill #001
written by an anonymous middle-class American Citizen
Re-igniting the great debate of
what is the "American Dream"?
-
Similar to the Boston Tea Party of 1773
April 2nd, 2009
Released to the public at large ( global internet ) for immediate widespread consideration!!!
A Truly Modest Proposal to End Home Foreclosures
( forever ending the 'idea/concept' of home foreclosures )
{ So that every family's homestead residence be *guaranteed* lastingly & securely in a unique individual's name, or a particularfamily's general surname, *permanently* until they would otherwise resell it or bequeath it to their lineage, and have up to 1-whole-year grace period at any time between payments to resume payments with 0% risk of bank foreclosure. So a family homestead may beincrementally paid-off slowly, if needed for a particular family, such as over 150 years (5 generations or 1.5 centuries), whereby theindividual person and their family would *never* risk losing their roof over their head to foreclosure. We The Common People need to end the whole idea of foreclosure. This will save the Real Estate market from further collapse andreinvigorate new home building nationwide. New houses can be built and should be built all the time, not made vacant while a tsunamiof jobless people/families are piling into tent cities, such as the large one now first forming in April 2009 in Sacramento California.The home-lending/mortgage system should be dramatically remodeled immediately as the economy is not going to improve anytime inthe future as furnished by the existing corrupt system. New home builders should be given first right of refusal to be the lender for anew type of mortgage called a "Variable Principle-Mortgage". Property Titles of
existing homes
should be stripped from bankingsystem possession and held by
newly chartered
"Variable Principle" lending firms.Since the nation of the United States national debt is mostly leveraged by a current system of 30-year-mortgage-based-securities, thecurrent bad financial system of leveraging home mortgage debt as the primary collateral held for the nation's national debt would needto be replaced. It would need to be dramatically remodeled along with the abolishment of all
derivative
schemes. We should stick thepoliticians & bankers that gave us this astronomical national debt, the bill, instead of us and our children having to pay for it with 40-60% tax rates. The titles of people's homes should not be held collateral for a rouge government to increase an already too massiveinternational borrowing/national-debt scheme as is practiced today. Also the idea/concept of "property rent"/"property tax" should be*eliminated* and people should instead receive a billing statement in the mail for local/city services as part of the solution to solvingthe foreclosure problem. We recognize this as real positive "Change". Death to bank home/farm foreclosures of our neighbors and fellow countrypeople! And home security forever for The People! }
First proposal/draft citizen's legislation to stop foreclosures, as drafted in America April 2nd, 2009:
So that...
property shall be guaranteed
in their unique individual name or family surname *
permanently
*until they bequeath inhabited-property/contract to a subsequent generation of family or resell their contract/ property freely to another; that in such case of transfer of ownership, the transfer cost shall only include anominal transfer fee of no more than 1% of the principle value of the contract/property at that given time.Each individual property/contract owner shall have at least 6 months to up to 1-year grace period at any timeto resume payments, between any two payments made. If it would take 3-4 generations of a family to pay off a single home + yard then so be it; such as a 150 year period. Every "variable principle"-mortgage-contractedperson w/family members *nevermore* would lose their primary home residence to foreclosure.Home owners will now be able to view over the internet their constantly changing loan/contract principleamount in order to pay off the principle. The principle debt-owed would only be affected by factors such asgeneral monetary inflation/devaluation; and equally adjusted for all.
Minimum yearly payments
are that factor.Therefore no police, or military - goodness forbid, shall be given orders to evict the named individual or theirfamily from any contractually protected property, unless the nominal
minimal yearly payment
is not met.For new homes built - individual new home residents shall remit payments to reduce their loan/contractprinciple amount directly to the builder; who will hold the title until the contract is paid off. The value of thepublic stock of the building companies will swell and be reinforced and remain strong into the future becausethe building companies would be constantly creating and holding title to a large percentage of the nation'snew wealth; while lastingly and entirely restricted by the people of any power to foreclose on any and allindividual family homes under the stated terms described in the previous paragraphs of this bill proposal.
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