Thursday, January 27, 2011

Foreclosure/Housing Crisis: Is America Fighting Back?

As 2011 rolled in, the Housing Devastation and Families in Crisis is taking a never seen toll. Banks have continue to hurt Families across the Nation and every single Neighborhood is taking a devastating hit. There are multiple Investigations going on by Multiple Agencies, however, People are feeling unsecured by the wavering of those investigating the Criminals. On December 14, 2010, the lead Attorney General of the 50-state foreclosure investigation, Iowa’s Tom Miller, said “We will put people in jail,” in response to questions during a meeting Tuesday with more than 100 people from 15 states representing community, faith, and labor organizations, foreclosure victims and struggling homeowners from across the country. Miller also agreed that principal reductions, loan modifications, and compensation for defrauded homeowners are necessary to clean up the mortgage mess created by the big banks. Again, Attorney General Miller had promise that those that have been harmed by the issue should be compensated.

During the State of the Union, 2011, President Obama failed to mention anything about this issue. While President Obama was expected to focus largely on jobs and U.S. economic competitiveness in his State of the Union, a Democratic senator wanted to hear the president talk about how to more strongly stem the tide of housing foreclosures across the country. Sen. Jeff Merkley (D-Ore.) last week wrote Obama, urging him to do so. The freshman highlighted the well-reported troubles with Obama’s existing program to combat foreclosures, and proposes a six-point plan to keep Americans from losing their homes. Ignoring the Issue will only make it worse and taking any side of the Criminals can only add to the problem. It is an issue that should be at the very front of every Politician Agenda. Yes, we are very discourage that this issue continues to be "Whitewashed" by our leaders.

Just weeks after taking the reins of the House Oversight and Government Reform Committee, Darrell Issa is locking horns with the ranking Democrat on the committee investigating the banks' role in the foreclosure crisis. Elijah Cummings (D-Md.) said his attempts to make banks more accountable for the robo-signing fiasco, which led several banks to halt foreclosure actions in some states, are being stymied by Issa. "[Issa] is turning a blind eye to the alleged abuses by the mortgage service industry," Cummings told The Post through a representative. To play Partisan Politics on the issue would only bring an added anger towards the System and Politicians from every Victimized Homeowner. People want to believe that Crime does not pay and that those that are caught violating our Laws would be punished to the full extent of the very Law they violated.

Americans are watching. Our expectations are high that we will see justice for the millions of families who have lost their homes, the millions more who are at risk of foreclosure, and the neighborhoods across the country devastated by falling housing values and vacant properties as a result of widespread mortgage fraud.

"In the end, all of us are paying a price for this home mortgage crisis. And all of us will pay an even steeper price if we allow this crisis to continue to deepen," President Obama explained. "But if we act boldly and swiftly to arrest this downward spiral, every American will benefit." -
President Obama

"We're serious about getting it right. This is our chance and we know that." - AG Miller

"You can count on us! You can count on 50 AGs." - AG Miller

"How long must the American people work 2nd jobs to stay in our homes." - Shirley Broomfield

"The foreclosure process should stop while modifications begin." - AG Miller

"The kind of fraud that got us into this crisis is intolerable. " - AG Miller

"So when people misrepresent the homeowners, they lie to them, they cheat them out of their homes...." - AG Miller