Thursday, December 10, 2009

Today- a vote to allow Judges to do Principle reduction on primary home loans!

Loan Modifications with PRINCIPLE REDUCTION does not happen hardly at all. It should, and it makes sense. This is a good call to action, and I would support this bill. Please spread the word if you can

Via Mark Archer (REC Real Estate Consulting Services LLC):

CONTACT CONGRESS: Support Judges Modifying Mortgages NOW! Otherwise, It's All Up to the Banks. Posted: 10 Dec 2009 06:20 PM PSTSCROLL TO BOTTOM FOR BUTTON THAT MAKES IT SIMPLE TO CONTACT YOUR REPRESENTATIVE IN CONGRESS. YOU DON'T EVEN NEED TO KNOW HIS OR HER NAME... JUST YOUR NAME, ADDRESS AND ZIP CODE.

In the next 2-3 years, it is estimated that there will be an additional 14 million foreclosures in this country. That will make the total roughly 20 million homes lost in this catastrophic recession.But it won't stop there. Foreclosures breed foreclosures. And 20 million foreclosures just means that millions more homeowners will find themselves seriously underwater... owing quite a bit more than their house is worth... and they'll walk away... just like 18% are doing now.
And that will mean even more foreclosures after that. And that will mean everyone's property values continue to fall, which will bring even more foreclosures.

Both President Bush and President Obama have tried to put plans in place to stop the flood of foreclosures... BOTH HAVE FAILED. Why? Isn't it obvious?The banks cannot be trusted to act in anyone's interest but their own. The government has given them hundreds of billions of dollars, after they bankrupted themselves. And yet, they act as if it's business as usual.This year alone, the major banks in this country are paying out $91 BILLION in BONUSES to their executives!

The only answer is to allow judges to modify mortgages for homeowners in bankruptcy court. Here are a few facts that will show you why this is so important:

1. President Obama's Making Home Affordable program was designed to work with "a carrot and a stick". The "carrot" is the money banks receive when they modify a loan, and the "stick" was supposed to be allowing judges to modify the loans. Without the "stick," the plan cannot work.

2. Banks don't modify their behavior for the same reason I wouldn't modify my driving habits if there weren't Highway Patrol officers out there to give me a ticket or take me to jail if I drive 100 miles per hour. No stick.

3. Allowing judges to modify mortgages in bankruptcy court WILL NOT increase borrowing costs in the future, which is what the banking lobby is saying and wants you to believe. The amendment only allows judges to modify mortgages that are already in existence when the bill is signed. It will have NO EFFECT on borrowing in the future whatsoever. NONE.

4. If we allow judges to modify mortgages on primary residences, chances are they'll never get the chance... because the banks will modify them... like they're supposed to.

5. Judges can already modify every other type of loan in bankruptcy court, just not mortgages on primary residences. Allowing them to do so will help stop the foreclosure crisis that is hurting every homeowner in America... AND IT WON'T COST THE TAXPAYERS A DIME!

Our economy cannot begin to recover until we stabilize the housing market. We've tried letting the banks decide... and look where we are today.The only people opposed to this amendment are the bankers and financial service companies. We can't turn our country over to them, can we?

Click the button below NOW, 24/7. There is literally NO TIME TO SPARE... You don't even need to know your representative's name. All you need to know is your own name, address, phone and zip code. The letter is already written for you. Just enter your information and click the button to send. It's that simple and takes less than a minute.

OR YOU CAN CALL 877.354.4958 DURING REGULAR BUSINESS HOURS.
DO IT NOW. IF YOU DON'T, IT WILL ALL BE UP TO THE BANKS.

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW... SAVE BANKRUPTCY REFORM! Posted: 10 Dec 2009 01:45 PM PSTJUST MINUTES AGO...House Rules Committee agreed to allow the bankruptcy modification amendment THAT WOULD ALLOW JUDGES TO MODIFY MORTGAGES to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!THIS AMENDMENT IS BEING FIERCELY OPPOSED by the BANKS AND FINANCIAL SERVICES communities and we NEED to get people CALLING in IMMEDIATELY. PLEASE TAKE TIME NOW TO contact your friends, family and business associates... stop whatever your staff is doing to give them time to call in. Put it on your Facebook pages, on your LinkedIn pages, Twitter it... re-tweet it! PLEASE DO IT RIGHT NOW!IT'S SUPER EASY TO DO:Phone toll free at: 877.354.4958Put in your zip codeWhen you reach the receptionist:State your nameSay that you are a constituentAsk the Representative to vote FOR the Conyers-Turner-Lofgren amendment (#201) to the Financial Services Reform bill.This amendment will cost taxpayers NOTHING and will save millions of homes from foreclosure. IT MUST BE CONSIDERED... IF THE LINE IS CLOSED, BECAUSE CLOSES AT 6:00 PM...Email your Senators (24/7) using the link below, which will lead you to a sample email that you can edit and personalize. YOU DON'T EVEN NEED TO KNOW YOUR REP'S NAME... CLICK AND GO!Email Your Congressional Representative Now

7 comments:

Anonymous said...

Hello !.
You may , perhaps curious to know how one can make real money .
There is no need to invest much at first. You may commense to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with affiliates everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your chance That`s what you wish in the long run!

I feel good, I started to take up income with the help of this company,
and I invite you to do the same. If it gets down to select a correct partner utilizes your savings in a right way - that`s AimTrust!.
I earn US$2,000 per day, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://orosoluke.envy.nu/bekodubo.html
and go! Let`s take our chance together to become rich

Anonymous said...

Hello !.
You may , probably very interested to know how one can manage to receive high yields .
There is no initial capital needed You may start to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you thought of all the time
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with affiliates around the world.
Do you want to become a happy investor?
That`s your choice That`s what you desire!

I`m happy and lucky, I started to get real money with the help of this company,
and I invite you to do the same. If it gets down to choose a correct companion utilizes your money in a right way - that`s AimTrust!.
I take now up to 2G every day, and what I started with was a funny sum of 500 bucks!
It`s easy to join , just click this link http://fymewoneg.1accesshost.com/madynok.html
and go! Let`s take our chance together to feel the smell of real money

Anonymous said...

How do I turn off an Iphone with frozen screen? The usual method of using the narrow button at the top right corner does not work. I guess the phone has some sort of defect. Thanks.
[url=http://forum.clbgamesvn.com/member.php?u=37746]unlock iphone[/url]

Anonymous said...

Good day, sun shines!
There have been times of troubles when I didn't know about opportunities of getting high yields on investments. I was a dump and downright pessimistic person.
I have never thought that there weren't any need in big initial investment.
Nowadays, I'm happy and lucky , I started take up real money.
It's all about how to select a correct partner who uses your funds in a right way - that is incorporate it in real business, parts and divides the income with me.

You may get interested, if there are such firms? I'm obliged to tell the truth, YES, there are. Please be informed of one of them:
[url=http://theblogmoney.com] Online investment blog[/url]

Anonymous said...

Good day, sun shines!
There have been times of troubles when I felt unhappy missing knowledge about opportunities of getting high yields on investments. I was a dump and downright pessimistic person.
I have never thought that there weren't any need in large initial investment.
Nowadays, I feel good, I begin take up real income.
It gets down to select a proper companion who utilizes your funds in a right way - that is incorporate it in real deals, and shares the profit with me.

You may get interested, if there are such firms? I have to tell the truth, YES, there are. Please be informed of one of them:
[url=http://theblogmoney.com] Online investment blog[/url]

Anonymous said...

Good day, sun shines!
There have been times of hardship when I didn't know about opportunities of getting high yields on investments. I was a dump and downright stupid person.
I have never imagined that there weren't any need in big initial investment.
Now, I feel good, I started take up real money.
It gets down to select a proper companion who uses your money in a right way - that is incorporate it in real deals, and shares the profit with me.

You can get interested, if there are such firms? I'm obliged to answer the truth, YES, there are. Please get to know about one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

Anonymous said...

[url=http://www.kfarbair.com][img]http://www.kfarbair.com/_images/logo.png[/img][/url]

מלון [url=http://www.kfarbair.com]כפר בעיר[/url] - שלווה, [url=http://www.kfarbair.com/about.html]חדרים[/url] מרווחים, אינטימיות, [url=http://kfarbair.com/services.html]שקט[/url] . אנו מספקים שירותי אירוח מגוונים גם ישנו במקום שירות חדרים הכולל [url=http://www.kfarbair.com/eng/index.html]סעודות רומנטיות[/url] במחירים מפתיעים אשר מוגשות ישירות לחדרכם.

לפרטים נוספים נא לפנות לעמוד המלון - [url=http://kfarbair.com]כפר בעיר[/url] [url=http://www.kfarbair.com/contact.html][img]http://www.kfarbair.com/_images/apixel.gif[/img][/url]