Housing seems to be very toxic at the moment for banks.
Why can't the banks/freddie/fannie take these homes and recoup their money via a lottery?
100k home, sell 12,000 $10 tickets, the additional 20 k would pay for closing cost and any expenses involved with the lottery.
The lottery system is already in place in many states.
This would boost the economy in a multitude of ways.
or am I :screwy:
Why can't the banks/freddie/fannie take these homes and recoup their money via a lottery?
100k home, sell 12,000 $10 tickets, the additional 20 k would pay for closing cost and any expenses involved with the lottery.
The lottery system is already in place in many states.
This would boost the economy in a multitude of ways.
or am I :screwy: