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Should Celebrities Rescue Homeowners Facing Foreclosure?

Shaquille O'Neal's in-box has a couple thousand emails from homeowners across the country facing foreclosure in the near future. Word that a plan is in the works leaked out last week when Shaq visited Orlando City Hall to discuss a way for the basketball giant to help people stay in their homes.

The rough idea is that Shaq would buy the mortgages of people whose homes are in foreclosure, and then give the homeowner a new mortgage with more manageable terms. Curtis Cooper, an Orlando Realtor and mortgage broker working with O'Neal, relayed Shaq's sentiments: "He said 'Let's just go out and help as many people as we can.' He's sincere about it."

Should other celebrities follow this example to try and help the millions of homeowners facing foreclosure?

Source

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