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Here is an interesting post with a corresponding white paper on an alternative to banks foreclosing.  Once again a real solution but could it get implemented?  Likely not.The biggest challenge in my mind is that everyone agrees we must stem off the massive amounts of foreclosures (already at 2.2 million homes and counting, and now at 10% of the entire mortgage market) but any plan that works too well will encourage good borrowers who are paying to be incented to let their property go into foreclosure to take advantage of the advantage.Interesting stat in the white paper is that Las Vegas has the highest drop in value in the entire country at 50%.  If the dollar gets close to 90 cents then go to sin city and snap up some bargains.

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