bobbyw24
Banned
- Joined
- Sep 10, 2007
- Messages
- 14,097
Additional Background information that you might want to use:
* The amendment that will be offered on the floor would empower bankruptcy judges to modify mortgages on primary residences as the "stick" that financially-strapped homeowners desperately need to get their lenders to work with them to prevent avoidable foreclosures.
* This narrowly-tailored change to the bankruptcy code would not cost the U.S. taxpayer one penny for stopping foreclosures and stabilizing the economy by providing homeowners access to court-supervised mortgage modifications.
* The amendment will not excuse families from paying their mortgage or encourage a rush to bankruptcy court. Rather, it will give judges the authority to modify unaffordable loans for families who are facing foreclosure and cannot obtain a voluntary modification.
* The clear objective of the amendment is to encourage the servicers of troubled homeowners to offer aggressive loan modifications that would help keep families in their homes, which, when compared to foreclosure, is more profitable to banks, more secure for the families, and more stable for the surrounding neighborhood and community.
4. Here are some key messages for speaking with the staff person or leaving a voice mail message:
* Urge Rep. __________ to support an amendment to H.R. 4173 being offered by Reps. Conyers, Turner, Lofgren, Marshall and others that will help financially distressed families avoid foreclosure.
* The number of homes in foreclosure continues to rise dramatically, with up to 3 million new foreclosure starts this year alone. This continued foreclosure crisis undermines the prospect for any kind of economic recovery. (Add any local examples or flavor that you can.)
* The latest adjustments by the Obama Administration to its nine-month old foreclosure program do little but highlight the continued failure of the lenders' voluntary efforts to stop the foreclosure crisis. Lenders have insisted for almost 3 years now that they will voluntarily address the foreclosure crisis. But the record is abundantly clear that the voluntary programs have not worked.
* For those Members who voted yes on HR 1106: This amendment is identical to H.R. 1106, a bill Rep. _______supported when it came up for a vote earlier in the year.
* For those Members who voted no on HR 1106: I understand that Rep. __________ had concerns about a similar bill when it passed the House earlier this year. What you should know is that in the intervening months, the foreclosure crisis has gotten worse, not better. If our economy is to recover, we need the housing market to stabilize first.
http://www.NACBA.org
* The amendment that will be offered on the floor would empower bankruptcy judges to modify mortgages on primary residences as the "stick" that financially-strapped homeowners desperately need to get their lenders to work with them to prevent avoidable foreclosures.
* This narrowly-tailored change to the bankruptcy code would not cost the U.S. taxpayer one penny for stopping foreclosures and stabilizing the economy by providing homeowners access to court-supervised mortgage modifications.
* The amendment will not excuse families from paying their mortgage or encourage a rush to bankruptcy court. Rather, it will give judges the authority to modify unaffordable loans for families who are facing foreclosure and cannot obtain a voluntary modification.
* The clear objective of the amendment is to encourage the servicers of troubled homeowners to offer aggressive loan modifications that would help keep families in their homes, which, when compared to foreclosure, is more profitable to banks, more secure for the families, and more stable for the surrounding neighborhood and community.
4. Here are some key messages for speaking with the staff person or leaving a voice mail message:
* Urge Rep. __________ to support an amendment to H.R. 4173 being offered by Reps. Conyers, Turner, Lofgren, Marshall and others that will help financially distressed families avoid foreclosure.
* The number of homes in foreclosure continues to rise dramatically, with up to 3 million new foreclosure starts this year alone. This continued foreclosure crisis undermines the prospect for any kind of economic recovery. (Add any local examples or flavor that you can.)
* The latest adjustments by the Obama Administration to its nine-month old foreclosure program do little but highlight the continued failure of the lenders' voluntary efforts to stop the foreclosure crisis. Lenders have insisted for almost 3 years now that they will voluntarily address the foreclosure crisis. But the record is abundantly clear that the voluntary programs have not worked.
* For those Members who voted yes on HR 1106: This amendment is identical to H.R. 1106, a bill Rep. _______supported when it came up for a vote earlier in the year.
* For those Members who voted no on HR 1106: I understand that Rep. __________ had concerns about a similar bill when it passed the House earlier this year. What you should know is that in the intervening months, the foreclosure crisis has gotten worse, not better. If our economy is to recover, we need the housing market to stabilize first.
http://www.NACBA.org
