Big Fight to get Funding for Legal Services to Help Stop Illegal Foreclosures

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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!!

The Cause of the Economic Crises...

You can also see earlier blog/videos: Borrowers Facing Foreclosures Face Run Around

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Sounds great dear, but I think a lot of money has been set aside, to help people already, and those funds are being misused.
We need to get tough with the lenders.

Mary - I couldn't agree more on the fact that we need to get tough with the lenders -I just wish someone would! The homeowner's who try to refinance are blocked -yet 350 billion dollars was handed out with a promise that the funds would free up our credit market. It did the opposite. It allowed for bonus', trips and corporate salaries.

I am upset that Congress is bickering, while Americans are struggling and Wall Street execs enjoy bonus', salary hikes, and lavish retreats. They have taken our taxpayer dollars and given nothing back to the economy -because apparently Congress didn't mandate them to. At least this Amendment would put a plan of action forward that could actually help homeowners stay in their homes...and that's something our elected officials have been unable to do!

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