Stop banking abuses that encourage foreclosures ( by providing incentives to foreclose) rather than work to avoid it. It can easily be done by the establishment of an independent commission in each state to handle all sales of foreclosed properties to the PUBLIC rather than to favored investors in secret and for pennies on the dollar.
Why is this important?
banks have a very exclusive club of investors that get an early information on forthcoming foreclosures, enabling them to pick and choose the best properties and buy them for pennies on the dollar. The net result is that the banks and their shareholders do not get the top dollars for those properties and the favored investors get returns of, in one instance, 19000% percent in a matter of few days.
