Defending Foreclosures

[Pharaoh]

Run time: 03:18 https://www.youtube.com/watch?v=3S3jOKefVZA   Posted on YouTube: February 07, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 21, 2009 By DU Member: Pharaoh Views on DU: 313

 
The Obama Administration's proposal contains five key ingredients without which any proposal will not succeed.

* Lifts the unfair ban on judicial modifications for primary residences

* Requires foreclosure prevention protocols from recipients of taxpayer assistance

* Fixes the "Hope for Homeowners" program by streamlining and broadening eligibility requirements

* Utilizes $75 billion to facilitate mortgage modifications to keep homeowners in their homes

* Strengthens Fannie and Freddie to expand access to affordable refinancing

It is inevitable that elements of Wall Street and their enablers in Congress will try to weaken or gut provisions that subscribe to these principles. We cannot let that happen.

You can help people like Debra by telling Congress to support the five key elements of the Obama plan to keep families in their homes.

ACORN's Foreclosure Campaign is fundamentally about saving the American Dream, about living up to our best visions of ourselves as Americans, about reaching out to stand in solidarity with each other, and, inch by inch, making this a stronger nation.

Click here to become a Home Defender. http://salsa.wiredforchange.com/o/2749/t/3071/signUp.jsp?key=2134