The Government should make a law or bill that states that all foreclosures MUST stop for a period of 3 years, this will keep people in their homes and it will force the lenders to listen to the borrowers! As in agreeing to do loan modifications that people can afford, that way people are no longer being foreclosed on and the blood sucking mortgage companys still get their money (over time)

Because right now if you are late on your mortgage and you try to ask your lender for help they will not listen to you nor will they even try to give you alternatives of any kind (trust me I know this first hand)

The Government could add that if a lender continues to not try to work with a borrower then that lender would be penalized in some way.

If the Government came up with this type of bill, then it wouldn’t cost taxpayers any money, Unlike the bill they have now which is costing 7 Billion dollars!! And this money is only helping the mortgage companies its not helping people stay in their homes.
Its only bailing out Fannie and Freddie and some others.

Anyways, if any of you have any comments on what I wrote please feel free to Email me at: truevineyard@aol.com

What is really too bad is there isn’t enough of us who are willing to stand up and say enough is enough! Those in Congress should be fired immediately. They fatten that bill to help themselves not the general public!

I agree, there should be a moratorium on foreclosures. They need to force these lenders to deal with us the consumers. It’s not our fault the values have gone to shit! We need some relief here and now.

No one is listening to us.

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House Judiciary Committee Chairman John Conyers (D-MI) responded Friday to recent media reports on the plans of the Macomb County Republican Party Chairman and others to use lists of residents of foreclosed homes to block their participation at the ballot box — a voter suppression tactic called by some a form of "vote caging." Conyers called on John McCain to direct his supporters to stop the practice. The letter:

"The Republican Party has had a long record of blocking eligible voters from voting. In the past two Presidential elections, the country witnessed appalling efforts to limit voter participation in Ohio, Florida and throughout the country. It is beyond disgraceful that the Republican Party now seems to be targeting those who are suffering the most. It appears that individuals who can’t recall how many houses they own don’t understand how awful it is to lose your home to foreclosure, and don’t know that you don’t need to own property to vote in the United States of America. It should surprise no one that the people who gave us the worst economy since the Great Depression would now want to prevent those victimized by this economy from voting in the coming elections. Senator McCain needs to step forward now and halt the Republican Party’s efforts to profit politically from the economic misery of others."

ABC News reported earlier this week that Barack Obama and the Democratic National Committee filed an injunction in federal court to halt the practice.

http://www.huffingtonpost.com/2008/09/19/conyers-calls-mccain-out_n_127754.html

Yes and No. Politically it would be better for him not to even bring up the subject. The campaign is not the candidate, and the candidate is not the campaign.

On the other hand, character counts. Let this just be a window into how he will govern. If he won’t speak out against this travesty of justice perpetrated in his name, and would rather win an election–an election won out of fraud and disenfranchising the meek, then maybe it’s up to us to be his judge. We have to decide whether we even want him in the oval office to begin with.

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Special Report on Utah Foreclosures - You can stop foreclosure in Utah. You need to know your options to make an eduacated decision and then you need to act on that decision and you too can stop foreclosure in Utah. Check out that free report.s

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so that I can get some of the bailout money 0 is promising, even though I can still afford it?

WASHINGTON – President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to stanch foreclosures by helping struggling homeowners with their mortgages.
http://news.yahoo.com/s/ap/20081203/ap_on_go_pr_wh/financial_meltdown
"taxpayers have to pay for this, I’m paying for this"

gee, just like me. I’m paying in so why shouldn’t I get something out???
"how clever…you used the number 0 to reference Obama…wow, did you think that up all by yourself?"

No, I was inspired by expectations of him.
"we hand the financial services industry dollars by the trillions and you’re ok with that"

Are you a ventriloquist? - I never said that.
"Your a regular team player arent you? "

Yes, but not for Team Socialist.
"Since you "can still afford it", you do not meet the definition of a "struggling homeowner", so even if you stop paying your mortgage, you will not get any help."

Did I mention that I’m thousands behind in medical bills? I pay my mortgage because the hospital won’t reposess the surgery they did if I don’t pay them.

You’re right. Obama will try to bail out every low-life that had no business buying a $300k house, or doing anything else stupid like run their business into the ground.

That’s life folks. Uncle Obama can’t bail us out every time we screw up. Unless you would rather live in a Socialist country.

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OBAMA’S MORTGAGE RESCUE PLAN IS A FAILURE

By DICK MORRIS & EILEEN MCGANN

Published on DickMorris.com on June 9, 2009

The data for April and May prove that Obama’s plan to rescue those facing mortgage foreclosure is a dismal failure. Since this issue was the cornerstone of his economic program during the campaign, its abject failure is a significant setback for the Administration’s economic plan.

In the month ending on May 26th, 464,983 foreclosures of subprime and Alt-A mortgages (out of a universe of 3.2 million studied). So 15% of all subprime mortgages were foreclosed in May! Only 19,041 — a paltry 6% — were modified during this period. And of those modified, only 11,200 involved any reduction in the monthly payments! Only 12% involved any write-off of interest, fees, or principal and 27% of the loan modifications actually increased the monthly payments due.

Alan M. White of the Valparaiso Law School, who conducted the study, noted that the data showed that "the Administration’s plan to stimulate mortgage modifications does not seen to have had much effect yet, at least in this market segment" [i.e. subprimes].

And the trend lines are all bad:

• The number of loan modifications dropped 11% from April to May.

• The ratio of foreclosure losses to modification write downs (the amount lost in foreclosure: the amount rescued by write-downs) doubled in the past month. For every dollar saved in modifications, $150 was lost in foreclosure.

When Obama launched his mortgage rescue plan, he promised that it would help five million households. So far, he is about 4,969,000 short of his goal!!

When will the subprime foreclosures stop? In about a year when all of these unfortunate people have lost their homes!

Why is Obama’s plan falling so far short of the mark? The fault is its own restrictions. You cannot get a loan modification if:

• You have lost your job

• You owe more than 5% above what your house is worth

• You are already in default

• You have not yet missed at least one payment

• Your lender does not want to participate

• Your mortgage is not one of the half of all mortgages insured or owned by Fannie Mae or Freddie Mac

• The reworked mortgage payment would come to more than 31% of your income

• Your mortgage is over $759,000

• The home is not your primary residence

The number of beleaguered homeowners who can slip through the eye of this particular needle and qualify for a mortgage modification is tiny.

(We discuss failure of Obama’s mortgage relief program at length in our new book Catastrophe, due out on June 23rd. Pre-orders of signed books are available at DickMorris.com)

And yet there is an easy remedy at hand. Obama should simply say, as they did in Sweden, that the government will simply buy the distressed mortgages from the banks and adjust the payments to make them possible for the homeowners. Then, when the economy comes back, the homeowners could either pay back the government what they owe for the postponed payments or sell the house and repay the feds from the proceeds. If they won’t do either, the feds could then seize the house and get their money back. Cost to the taxpayers: zero. In f act, they would likely make a profit.

Why won’t Obama do this? It’s because a Democratic administration cannot throw people out of their homes. Better to let them default and make the big, bad bank do the dirty work.

All these facts underscore how cynical was Obama’s campaign in predicating so much of its economic message on an appeal to help those facing foreclosure. You don’t hear Obama talk about foreclosures any more do you? That’s because he knows he has no solution and that he won’t offer any.

Good copy paste and edit. The Dems are trying their best to fix this country. Show some support. Don’t be like the conservative un Americans who want to boycott GM and Chrysler.

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There would be less home foreclosures if people would work harder to stop a foreclosure before it even starts.  The problem is that lenders up until now were unwilling to help people to have their loans modified to better suit their new economic status and refinancing wasn’t always an option due to the decline in real estate value. 

So, how do you stop a foreclosure before it starts now?  The first thing you need to do is talk to your lender if you are having trouble making your payments.  The first time your mortgage is due and you are struggling to pay the entire amount is when you need to be on the phone discussing your alternate payment options.  If you have never been late before, your lender may not believe you are hitting an economic crisis, so you may need to provide proof, but you have many options now that you might not have at a later date, so as soon as you wind up struggling to make your mortgage payment, you need to act so that you can stop a foreclosure before it happens.

• If your crisis is a short term thing, see if you can make part of your monthly payment for a couple of months and stretch out the remaining balance over a period of time.  This will help protect your credit rating and ensure that your lender knows exactly what your plan is and how you plan to repay your back amount owed.
• Another thing you can do is see if your lender will let you skip a couple of monthly payments now and put them on the end of your loan, or re-amortize your mortgage.  This option is only for short term financial crises and you may still be required to pay something toward your mortgage in the mean time.
• Look into refinancing if you have some equity in your home, so that you can have a lower monthly payment that you won’t be struggling to pay each month.
• If you’re looking at a long term financial crisis, such as a layoff and want to stop the possibility of a foreclosure, you should consider a loan modification, which can change the terms of your loan, or stretch the term of the loan out a little more so that you can afford to keep your home and make your payments on time, even without your job.

These are the ways to stop foreclosure, by attacking the problem before it begins and making sure to stay in contact with your lender at all times so they are aware of your efforts to ensure that you are not faced with a foreclosure in your future.  Lenders want to help if you will let them and even though sometimes your customer service representatives may not be able to help you, a supervisor probably can either help you or can refer you to someone who works with your lender who can help you to stop foreclosure.  

To lower your rate, remove your late payments and stop foreclosure, contact a professional today. You can <a href=”http://www.pacethyself.com”>Stop a Foreclosure</a> on your home. 

Jane Anthony
http://www.articlesbase.com/mortgage-articles/save-your-home-by-stopping-foreclosure-741109.html

Sell House Albany, Sell My House, 5 Ways to Stop Foreclosure, Sell My House Albany, www.SellHouseAlbany.com

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On news.yahoo.com a few days ago:

"Students in Virginia, Colorado and South Carolina were wrongfully told by voting officials that they could lose their scholarships and their parents would no longer be able to claim them on their income taxes if they registered to vote in their college towns.
The Michigan Department of Civil Rights launched an advertising campaign this week to combat misleading rumors - some started by local officials in mailings to voters - that people would be denied the right to vote if they lost their home to foreclosure, have a criminal record or do not have photo identification."

Does anyone have first hand experience of what’s going on?

No and I think it doesn’t really matter. Both parties engage in activities that try to get some voters to vote while trying to prevent other groups from voting. If you don’t believe me, look at all the court cases that are being waged over the election. It’s sad really because if you try to prevent fraudulent voting from one group, you’re attacked viciously by the party who wants those votes. You want people to vote who can’t prove who they are, and you’re attacked by the other party.

What you have to be careful of is rumors, which is what this sounds like. Yes, there are some mean tactics out there, but I would say that a large chunk of it is just a bunch of bull and things being taken out of context.

If there’s substantial proof (not just rumor), then that’s when you should be concerned. If not, then don’t worry about it and see how this election turns out.

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