Increase Foreclosure Values
Increase Foreclosure Values
The Issue
Presently most foreclosure information is accessed by paying a fee to a business that benefits from the struggles of the homeowner. A limited number of potential buyers are "allowed" to view a property until it is auctioned or bank owned. To increase potential buyers, and therefore the price, the information should become public on the internet and other media venues as normal home sales are done. The value of all foreclosures would rise, the banks would lose less, and the values of all homes would not devalue as quickly.
The Issue
Presently most foreclosure information is accessed by paying a fee to a business that benefits from the struggles of the homeowner. A limited number of potential buyers are "allowed" to view a property until it is auctioned or bank owned. To increase potential buyers, and therefore the price, the information should become public on the internet and other media venues as normal home sales are done. The value of all foreclosures would rise, the banks would lose less, and the values of all homes would not devalue as quickly.
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Petition created on June 18, 2009


