Americans solve problems with a mortgage, making homes in billboards

16.02.2012 09:20
Residents of several U.S. states use an unusual way to pay off debt on the mortgage. To redeem the property mortgaged to the bank and pay off mortgages, many homeowners can make their homes in the billboards in exchange for for 2000 dollars a month.

The idea was proposed by Brainiacs From Mars, whose CEO Romeo Mendoza plans to make thousands of homes across the country a huge advertising marketing agency, said portal IBTimes.com. For the first few months after the start of the program the company has received over 37,000 applications for participation from residents of the United States, as well as from Japan and Russia, said the businessman.

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More than just wishing it turned out the three states most affected by foreclosure, which was a consequence of the financial crisis in 2008 - Florida, California and Nevada.

The idea of ​​turning the house into billboards like not all. Neighbors mortgage debtors in whose homes have already placed advertising structures, act with the requirements to remove them within a month. According to the portal, the work of such a scheme could affect the local laws and codes that restrict the space for advertising.

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Content tags: Overseas property
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