Initial Questions on Alex Perriello's Shared Equity Idea

Alex Perriello, the CEO of Realogy Franchise Group (the parent company of Coldwell Banker, Century 21, ERA, Sotheby's, and Better Homes & Gardens), who used to be my boss's boss, has an op/ed in yesterday's New York Times. In it, he proposes a novel solution to the foreclosure crisis:

Fortunately, there is a solution. Rather than be at odds, homeowners …