Term Ownership Can Stop All Foreclosures.

False.  I wish.  Perhaps if the program had been implemented before the housing price implosion, it could have save a lot more people. 

Those who are in fixed rate loans will likely benefit the least, unlesss their interest rate was high to begin with.  Likewise, if there is a substantial amount of inequity - i.e. 30% or more, the bank and the investor would likely chose other options (i.e. foreclosure).  Term Ownership will help hundreds of thousands if it is added to the toolbox.  However, if Congress refuses to acknowledge it, and support it, the likelihood that banks will feel comfortable using it is minimal.

You Are Locked into the Property for the Entire Term

False.  I structured Term Ownership to mimimick as closely as possible traditional financing.  If you wish to move early, you can.  One thing you can do is rent out the property (provided the CC&Rs permit such rental).  Another thing you can do, given the property has appreciated, is sell the property to a third party.  As with a traditional sale, the title/escrow company will provide the payoffs to the investor and the bank, and any left over cash goes to the Term Buyer. 

This does not mean that you may not find it beneficial to remain the entire term, and indeed, it is often advantages (i.e. significant monthly price drops) in re-entering into Term Ownership at the end of the Term.