The majority of American businesses cannot withstand even one month's slowdown in revenue, and still meet all of their many financial obligations.
This emergency economic stimulus plan immediately gives help, relief and jump starts our economy.
The One-Year Mortgage Holiday would apply to any and all mortgage / trust deed/ note indebtedness for all residential, business, commercial, industrial, technological, agricultural, farm, land, etc., debt held by banks, insurance companies, business trusts, loan servicing companies and other entities that make or service loans in the ordinary course of business.
The domino effect of the massive layoffs, unemployment, mortgage foreclosures, bankruptcies and needless pain and suffering can be avoided with this One-Year Mortgage Holiday Forbearance Plan. All of that money will be used to stimulate the economy, help keep business stable and growing, provide more jobs, and create even more tax revenues for all city, county and state budgets as well as the U.S. Treasury.