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You would think the lenders/owners of these properties would streamline this a bit. That is the reason for today's "plan". The banks are flooded with homes they can't keep up. This is not about helping homeowners, this is about the banks trying to slow down the tsunami of defaults. "jingle mail" is killing these guys, people are walking away on underwater homes in droves and they are colluding to try and stop this from happening. Unfortunately, if we don't watch out we will end up like Japan and have 15  years of declining real estate values. We need to let the market work it self out. Government intervention is what Japan tried and they only prolonged the mess. They allowed the big banks to hide losses and delay writedowns. This action will not work, just like all the other Bush & Paulson intitiatives have failed. The time for action was before this mutil trillon dollar problem began!  
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