Help the Economy By Helping Homeowners
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Help the Economy By Helping Homeowners
On Thursday February 26, the U.S. House of Representatives postponed helping homeowners and the economy by delaying action on a crucial bill (H.R. 1106). Please take the time to tell them the only way to get the economy back on track is to stop foreclosures. Tell your representative to stand up for ordinary Americans
Dear [ Decision Maker ] , I am writing to urge you to vote in favor of H.R. 1106, which I understand was scheduled to be voted on last week. Each week that passes without a vote on H.R. 1106, 46,000 more families lose one of their greatest investments: their home. Each foreclosure also hurts their neighbors, whose property values drop as foreclosures continue. That translates to less property tax revenue, which means less money for vital services in communities such as schools, police protection and public works. As the economy continues to deteriorate, our country can't stand another delay. We need you to bring this bill forward and ensure its passage. As someone who is very concerned about the costs of foreclosures for everyone--including the negative impact on communities, schools and senior citizens--I am depending on you to make our voices heard. The Administration's foreclosure prevention plan is strong, but an important part of it is to permit, as an alternative to foreclosure, the courts to modify loans if lenders will not. This is an important measure that will help America's families, our communities and the overall economy. Support this legislation in its current form. Please don't weaken it. This week, you have another chance to do the right thing for the economy and homeowners. Please vote in favor of H.R. 1106.
Sincerely, |
Campaign Launched: |
| Background Information |
Voluntary efforts to modify loans have had dismal results, and efforts to give financial support to industry have not turned into assistance for homeowners facing foreclosure.
We need to address foreclosures to get at the root of our economic crisis. Otherwise, the economy will remain weak.
The Administration's foreclosure prevention plan is strong, and it is crucial to keep the provision that permits courts to modify home loans, as an alternative to foreclosure, when voluntary efforts don't work.
When we target the financial stability of ordinary people, who stand to lose everything, we help the entire economy. And that will be good for us all.
