Sounds like a great concept and something that a lot of our readers might be interested in learning more about.

Have you been getting a lot of people signing up to work with you?

I would like to piggy-back on that and “toot the horn” of an effort that I started (www.mbscollateral.com or “Coalition of underwater homeowners” group on LinkedIn) to unite the underwater homeowners and use the “collective bargaining” tactic to achieve what is needed (reduction in mortgage principals) without walking away.

…. please read more….
Workers have unions to articulate and protect member interests. Businesses have trade associations and lobbyists to do the same. Consumers, on the other hand have very little in terms of organization and structure to protect their interests. And, to be honest, in 99 percent of the cases that is not a big deal.

However, “big deals” do come around and then absence of such organization (that could unite the voices and actions of many individuals) is regrettable. The “big deal” right now is the situation with mortgage modifications – struggling consumers all over the country are “jerked around” by mortgage lenders and/or servicing companies.

The purpose of this group and http://www.mbscollateral.com website is to attempt uniting the consumers on this issue and coordinating the actions and efforts of many individuals to achieve LEVERAGE over the companies that we are dealing with. Please continue reading this site to find out what could be done and how these actions will get all of us closer to the final goal – REDUCTION OF MORTGAGE PRINCIPAL BALANCES IN LINE WITH MARKET VALUE OF THE PROPERTY