Pages Navigation

Saturday, November 17, 2012

Rolling Jubilee - Buying your debt for 5-cents

I always wondered why banks would forclose upon someone's house and sell it for a fraction of the mortgage debt, yet wouldn't refinance the home'owner' and accept that same amount from the people living in their home? If I had the authority, I'd just forgive the debt and keep people in their homes. So when I found out about the Rolling Jubilee I decided it was genius. I'm starting one for San Diego.

No comments: