HELP FAMILIES SAVE THEIR HOMES (SUPPORT S.61/HR.200)

PRESS RELEASE FEBRUARY 3, 20009
BY KELLY L. HANSEN
WFHM VICTIM
SOON TO BE A VICTORY!

HELP FAMILIES SAVE THEIR HOMES
(SUPPORT S.61/HR.200)

REPRESENTATIVE DENNIS MOORE
U.S. HOUSE OF REPRESENTATIVES
1727 LONGWORTH HOUSE OFFICE BUILDING
WASHINGTON, DC 20515-0001

DEAR REPRESENTATIVE MOORE,

HELP FAMILIES SAVE THEIR HOMES (SUPPORT S.61/HR.200)!

I LOST MY HOME TO WELLS FARGO BANKS PREDATORY SERVICING TACTICS
IN 2006. I'VE BEEN ABLE TO HELP OTHERS WITH THE INFORMATION I
DISCOVERED IN FIGHTING MY OWN BATTLE. I'VE CREATED THE FOLLOWING
BLOG AND I'LL PLACE YOUR INFORMATION ON THE BLOG, AND I'LL
INCLUDE IT IN THE EMAILS I RESPOND TO OTHERS WITH WHEN THEY
E-MAIL THEIR STORIES TO ME. NIGHTMARES!

HTTP://WFHMCAUGHT.BLOGSPOT.COM/

I THINK PULLING THE COURT INTO THE PROCESS IS BRILLIANT, AND IT
CAN NOT BE IMPLEMENTED SOON ENOUGH. THESE UNSCRUPULOUS LENDERS
HAVE BEEN LIVING OFF THE FAT THEY'RE ABLE TO HIDE AMONGST ALL
THEIR SUBSIDIARIES AND THEY DON'T WANT REGULATION. THEY ARE
CERTAINLY THE LAST PEOPLE ANY BAIL OUT FUNDS SHOULD BE GIVEN TO.
THE HOME OWNER WILL NOT BENEFIT FROM ANY BAIL OUT IDEA THE
LENDER IS INTENDED TO ENFORCE.

I AM DEEPLY CONCERNED ABOUT THE EPIDEMIC OF HOME FORECLOSURES
THAT CONTINUES TO DEVASTATE FAMILIES, NEIGHBORHOODS, AND OUR
ENTIRE ECONOMY. TODAY AN UNREASONABLE RULE PREVENTS HOMEOWNERS
FROM EVEN THE POSSIBILITY OF SAVING THEIR HOMES THROUGH THE
COURT SYSTEM. THIS IS AN URGENT REQUEST TO STOP FORECLOSURES AND
STABILIZE THE ECONOMY BY ALLOWING DISTRESSED HOMEOWNERS, AS A
LAST RESORT, ACCESS TO LOAN MODIFICATIONS THROUGH THE COURTS. I
STRONGLY URGE YOU TO CO-SPONSOR THESE IMPORTANT PIECES OF
LEGISLATION:

THE "HELPING FAMILIES SAVE THEIR HOMES IN BANKRUPTCY ACT OF
2009" (S. 61/H.R. 200) WAS INTRODUCED IN THE SENATE BY SENATOR
DICK DURBIN, AND IN THE HOUSE OF REPRESENTATIVES, BY HOUSE
JUDICIARY COMMITTEE CHAIRMAN JOHN CONYERS.

THIS LEGISLATION HAS THE SUPPORT OF CITIGROUP, ONE OF AMERICA'S
LARGEST MORTGAGE LENDERS.

IT IS MORALLY WRONG THAT COURT-SUPERVISED LOAN MODIFICATIONS ARE
AVAILABLE FOR OWNERS OF BIG CORPORATIONS, COMMERCIAL REAL
ESTATE, AND EVEN FAMILIES WITH VACATION PROPERTIES, BUT ARE
DENIED TO FAMILIES ON THE VERGE OF LOSING THEIR ONLY HOME. THE
PROPOSED LEGISLATION WOULD NOT EXCUSE FAMILIES FROM PAYING THEIR
MORTGAGE. IT WOULD SIMPLY GIVE JUDGES THE AUTHORITY TO MODIFY
UNAFFORDABLE LOANS WHEN HOMEOWNERS HAVE EXHAUSTED OTHER OPTIONS
FOR AVOIDING FORECLOSURE. ALLOWING DISTRESSED HOMEOWNERS ACCESS
TO THE COURT SYSTEM WILL HELP PROTECT THE PROPERTY VALUES OF ALL
HOMEOWNERS, AND IT WILL NOT COST AMERICAN TAX PAYERS A SINGLE
DIME!

I JOIN WITH OTHER CONCERNED AMERICANS IN ASKING YOU TO INCLUDE
THIS LEGISLATION AS AN AMENDMENT TO THE NEXT PIECE OF FUNDING
LEGISLATION BROUGHT BEFORE THE CONGRESS. PLEASE STAND UP FOR THE
FAMILIES IN OUR STATE AND ACROSS THE COUNTRY BY USING YOUR VOICE
AND YOUR VOTE TO GIVE YOUR FULL SUPPORT TO THIS LEGISLATION.

THANK YOU FOR YOUR CONSIDERATION.


SINCERELY,
KELLY HANSEN
33605 W. 88TH STREET
DESOTO, KS 66018