Comments on: Mortgage Bankruptcy Bill Passed by Congress

By: jim Kira

jim Kira — Tue, 16 Mar 2010 23:46:36 +0000

This law has saved our house. My husband is 54 has been unemployed for a year and a half. He was not responsible for the economic colaps of this country. He had a 8.5 credit rating. Has never bounced a check in his life. always paid his bills on time. No one is going to hire a 54 year old when there are 200 20 year old standing in line willing to work harder for less. We are not slackers. We have mailed out hundareds of resumes. The banks wnat you to go into forclosure so they can buy your home for less than half what is owed. Then they write off the rest of the loan and resell at a profit. They already got there money and now they are taking your home. You are just a loan number. No one cares. Something had to be done. And they did it. Something for the American people. ThANK YOU MR. OBAMA

By: kateb

kateb — Sun, 26 Apr 2009 13:46:11 +0000

GOOGLE ONLINE PETITION S61 AND SIGN FOR
CRAM DOWN…..HELP FAMILIES STAY IN THEIR
HOMES. CALL SENATORS THIS WEEK, EMAIL THEM.
DON’T STOP KEEP UP THE PRESSURE TO PASS
THIS LEGISLATION!!!!!!!

By: Karen

Karen — Fri, 24 Apr 2009 23:29:46 +0000

I have been trying for 6 1/2 months to get a loan mod and Wells fargo keeps putting me off. I got divorced & then my well went dry (at the same time)right when the housing market was at it highest. My X made out like a bandit since the value is half of what it was when we divorced. Now my mortgage is getting ready to double in payment size and unless the bank gives me a loan mod (incl reducing the value) I will have to walk away from my home…

By: Paul T III

Paul T III — Fri, 24 Apr 2009 06:53:26 +0000

I live in East Palo Alto, CA, you know, one of the most underserved cities in California. Bordering my town is Palo Alto, you know, one of the richest cities in the country.

The local paper out here recently ran an editorial that placed unfounded guilt on homeowners in Menlo Park facing foreclosure. The paper, the Palo Daily Post, said that homeowners who “lived beyond their means” should not be rewarded. Unfortunately, the paper made no mention of how thee homeowners lived beyond their means.

My point: even supposed guardians of reporting fair and accurate news to the public have jumped on the blame-the-homeowner bandwagon. I’ve sent out a response editorial to the paper, among other papers, and, to no surprise, have been ignored — silenced.

It is a shame the loudspeakers of society talk about fairness and equity, when in fact it is only biased and self-interested humans calling the shots, saying what can and cannot be shown to the public.

For the record, my dad is facing foreclosure and bankruptcy and I am doing my damn best to help him through this tragic moment. I wish some more people in power had friends and family in similar positions. Help would have arrived long ago.

Honk if you Support S. 61. HONK! HONK!

By: TA

TA — Thu, 23 Apr 2009 05:57:52 +0000

Pass this BILL now. Banks/Lenders got us into this problem and will not work with borrowers until this bk law is totally passed. They pretend as if they’ll help. Banks are not helping to keep hard working people in their homes. Sometimes we gotta fight back and fight fire with fire

By: Cynthia C

Cynthia C — Wed, 22 Apr 2009 05:58:13 +0000

I would like to try the Mortage Bankruptcy. I am here in Fresno Ca facing 10days before the Trustee Sale on May4th. Can you file for Morage Bankruptcy 2-3days of the trustee sales date. I do not want to loose my home but evertyime I go thru modification they always ask me for more $$$ at the end. I can’t find anywhere in the net the cost of the Mortage Bankupycy. This is my final attempt to save my home. Thank-you

By: Kim

Kim — Tue, 21 Apr 2009 17:04:49 +0000

We have been trying to get our loan modified for months and got bad advice, we worked really hard to get we we got and have been self employed for over 20 years. We refinanced in 2007 and thought no problem we will pay down our credit card debt and now we have a mortgae over 200k more than original we put a lot of money down on our house we do not want to lose it but I am just asking for some help even for the next 24 months until economy gets up and moving again. What is the senate doing why are the banks stalling everyone this has been a nightmare for my husband and I. O bam said he was going to help Main Street well I havent seen any help???

By: Tonya

Tonya — Tue, 21 Apr 2009 12:35:45 +0000

I reside in south Florida. My home is now worth half of what I purchased it for three years ago. Congress have forgotten about the average American and have focused all odf their attention on the Multi Billion dollar companies.
Has the bill been passes or not. It would surely help me remain in my home.

By: Anonymous

Anonymous — Sat, 18 Apr 2009 13:47:33 +0000

I NEED HELP, MY HOURS CUT HEALTH INSURANCE INCREASED SO MUCH THAT I DONT EVEN SEE A PAYCHECK, MY HUSBAND HAS BEEN UNEMPLOYED AND HIS UNEMPOYMENT RAN OUT. WE HAVE THREE CHILDREN AND NOW WE ARE FACED WITH LIVING WITH OUR CREDIT CARDS BECAUSE OUR MORT WENT
UP

By: Tim

Tim — Wed, 15 Apr 2009 19:50:02 +0000

Being in CA the reality that most of the leaders of this country are failing to address is the fact that these lona mods that are out there right now do not address the value issue. These banks are getting billions of our taxe dollars but yet are unwilling to reduce our principle loan amounts to meet the current values of our homes.
I don’t really even care about my payment so much as I’m upside down on my house over 200K. How long would it take for my home value to get back to even again…5, 7 years!
My home is now a liability…not an asset until they can pass a bill like S.61 and allow the BK judges to get these loans back down to the values of our homes.