To: CO of all Mortgage companies, President Donald Trump, The Virginia State House, The Virginia State Senate, Governor Ralph Northam, The United States House of Representatives, and The United States Senate
Making Homes affordable
Millions of Americans are losing their homes.
The Federal Government had funded billions of dollars to these lenders.
Do they help the homeowners? No, their corporate greed and profits are more important to them rather than helping out the deserving people for whom the assistance is intended.
Why is this important?
Due to the economy, many homeowners fell behind on their mortgage.
The Federal Government and President Obama signed into law many programs to assist homeowners to stay in their homes.
The banks and mortgage companies accepted the monies/grants and do not assist the homeowners; they hold onto these funds for corporate greed and profits.
I unfortunately know several people who qualified for these programs and were never assisted and had their homes foreclosed.
I am also personally in this situation. I have had two predatory lenders. Instead of assisting and informing me, they added over $200K to my principal and then sold my loan to another lender.
I now allegedly owe $425 on a home I purchased for $160K in 1998 and have over 12 years of perfect payment history.
Where did my 12 years of payments go to ?
Who is in charge of this Federal government program ?
Who is overseeing this program that is supposed to keep people in their homes and not thrown out into the street with nowhere to go and who have a family to care for.
Someone needs to be held accountable and needs to enforce the mortgage companies to assist the homeowners to stay in their homes,
And not to be put into the street.
The banks wins twice by double dipping; they get the funds for assisting the homeowners foreclosure and get even more revenue.
We need to stand united and stand up to these giant conglomerates that squash the helpless homeowners like bugs.