To: Lori Swanson, Minnesota Attorney General
280 Million Reasons for a Foreclosure Moratorium
Sitting on millions of dollars while people are being evicted is unacceptable. Be transparent with the National Mortgage Settlement and put a moratorium on foreclosures & evictions until the process is up, running, and proven to be working for a month.
Why is this important?
There has been at least $41.5 milion available but on hold for over 3 months (update: $280 million on hold for 6 months). It's supposed to be getting used to keep people in their homes and as relief for victims of corrupt banking practices by Bank of America, JP Morgan Chase, Wells Fargo, Citibank, and GMAC/Ally Financial. Help us get this money working and stop foreclosures & evictions until it is.
Sources:
http://www.ag.state.mn.us/Consumer/PressRelease/120209NatMtgSltmnt.asp
http://www.propublica.org/special/where-are-the-foreclosure-deal-millions-going