Many have signed up for Foreclosure Universities and Short Sales Universities and Loan Mod Universities and ... As our economy changes a new strategy seems to always over take the old one.. whats next? As we run out of options to deal with the housing situation and try and help people stay in their home many home-owners know they can just stop paying for a few years as the banks forestall any action.

An article on Broker Agent Social says that 1 in 7 have stopped making payments on their mortgage and banks cannot or will not keep up with forclosures and short sales with out sending prices even lower.. we have to ask ourselves is their a sales university program we can sign up for that can accomodate this trend??

Besides helping retail sales numbers with the extra cash home owners now have there has got to be a business model that fits this.. If you know of one we here would like to get in on the ground floor.. Let me know, Let me know...

No Joke.. link http://www.cnbc.com/id/35333195

Part of the article

"LVG, which is a mortgage consultancy, is behind a program that would give future cash rewards to underwater borrowers who don't voluntarily walk away from their mortgage commitments.

It's called the "Responsible Homeowner Reward," and it's kind of a way around principal reduction, which happens to be getting more chatter these days. The payments would be on average less than $10,000, but LVG believes this is enough to keep borrowers from becoming "walkaways."

We've talked plenty on the blog about walkaways or "strategic defaults" or whatever the industry chooses to call them next. There are supposedly around 10 million homes in the U.S. with "substantial negative equity," according to LVG. That's about $2 trillion in mortgage debt. LVG's release says the program, "is being launched with one of the largest investors in consumer and mortgage debt in the U.S. The client, who has asked for anonymity during the rollout phase, has purchased and sold over $5 billion of debt since 2008." You make the guess."

Time to gear up for REO/Short Sales

http://www.dsnews.com/articles/mortgage-deterioration-ratio-climbs-lps-report-2009-12-02

The nationwide loan deterioration ratio is higher than three to one, according to the latest mortgage market report from Lender Processing Services, Inc. (LPS). What this LPS indicator means is that for every one loan improved, three more loans are deteriorating.