If we are ever going to get the economy back on its feet -economists agree on one thing -the mortgage crises must be stabilized.
Bailout money to the big banks did nothing to help borrowers stay in their homes, free up credit, help homeowners with mortgage modifications or restructuring of loans. Many borrowers are often without legal representation and unaware they may be victims of illegal foreclosures. Now, Senators Casey, Specter, Leahy, Dodd, Schumer & Kerry have introduced an amendment to the stimulus package that would provide $30,000,000 to legal service organizations doing foreclosure prevention work.
The National Association of Consumer Advocates supports this Amendment that would benefit homeowners who need legal assistance and help deter and prevent foreclosures.
Help NACA -help you. Take 5 minutes today to contact your Senator and let him/her know that funding for legal services is critical to stemming the tide of foreclosures that is sweeping across our country!
Let your Senator know that you want his/her support to get Amendment #378 into the stimulus package -this is a measure that can help homeowners and deter greed and corruption!!
Reasons to support this Amendment:
Legal aid lawyers are a critical component of any successful foreclosure mitigation plan and are needed to provide representation to homeowners and eviction defense to tenants who are being evicted from foreclosed properties through no fault of their own.
Housing counselors, who play a vital role in helping at-risk homeowners, are unfortunately limited in their ability to pursue federal and state legal claims for abusive lending practices.
Legal Aid and other non-profit lawyers, with their experience in representing homeowners and their legal knowledge of state and federal consumer protections, have the unique ability to change that equation and force
wayward servicers into creating loans that allow homeowners to remain in their homes and in their communities.
Please contact your elected official today via email or phone.
If you don't know your legislators contact information click here, and insert your zip code.
You can make a big difference in just 5 minutes. That's all it will take to send an email to your elected officials. It is time that our collective consumer voice is heard by Congress