Make a Contribution to Remove NSFW Ads

Stop all foreclosures and evictions

humble

humble

Rising Star
Registered
WE the PEOPLE

https://wwws.whitehouse.gov/petitions#!/petition/stop-all-foreclosures-and-evictions-reconstruct-mortgage-loans-homeowners-current-market-value-2-30/mqMX32wZ

We petition the Obama Administration to:

STOP ALL FORECLOSURES AND EVICTIONS; RECONSTRUCT MORTGAGE LOANS WITH HOMEOWNERS AT CURRENT MARKET VALUE AT 2% FOR 30 YRS

STOP ALL FORECLOSURES AND EVICTIONS; RECONSTRUCT MORTGAGE LOANS WITH HOMEOWNERS AT CURRENT MARKET VALUE AND 2% INTEREST FOR 30 YEARS. No credit issue strings attached. Certified appraisals are commissioned by FHA and paid for by homeowner, not to exceed $500 and comps within a 2 mi radius. Home appraised value will determine if 2nd mortgage may be stripped. Homeowners must substantiate household income to pay mortgage, taxes, insurance and normal expenses and agree to reconstruct the loan in lieu of lawsuits against lenders for their bad acts. No further mortgages may be added to property for 5 years. Upon grant of loan reconstruction homeowner may apply to recordation office to remove any documents that are fraudulent or may cloud title.
Created: Oct 26, 2011
Issues: Consumer Protections
Click to expand...
 
IDK Humble, you think this petition is reasonable ? ? ?

STOP ALL FORECLOSURES AND EVICTIONS:
  • Homeowner obtains a mortgage; there is little difference between the amount of the loan secured by the mortgage and the fair market value of the property; Homeowners went to the casino, got a little foolish and fell behind on the mortgage and have failed and refused to catch up the payments.

    * Stop this foreclosure ???

    * Why ???

    ________________________________________


    STOP ALL FORECLOSURES AND EVICTIONS:

    Tenants went to the casino, got a little foolish - spent the rent; fell behind under the lease; failed and refused to catch up the payments; and Landlord commenced eviction proceedings.

    * Stop this eviction ???

    * why ???

    ________________________________________


    STOP ALL FORECLOSURES; RECONSTRUCT MORTGAGE LOANS WITH HOMEOWNERS AT CURRENT MARKET VALUE AND 2% INTEREST FOR 30 YEARS.

    The current mortgage is at 8%; at the time of the second mortgage, the first and second mortgage did not exceed 80% of the then appraised value. Neither Homeowner or Mortgagee had any idea that the housing bubble would burst and that real estate values would plunge. Homeowners income has dropped and they got behind on the mortgage. Homeowners now several months in arrears and have not caught up. Mortgagee commences foreclosure.

    * Stop the foreclosure and reconstruct the mortgage ???

    * Mortgagor (the person or entity that made the loan and took a mortgage as security for repayment of the loan) should just lose the benefit of his/its bargain ???

    * Homeowners should benefit from their misfortune to the detriment of the mortgagor who hasn't taken advantage of Homeowners ???

    * Why/how is this fair or equitable ???

    * Is this not private Property??? - What about the "Takings Clause", the last clause of the Fifth Amendment, which limits the power of eminent domain by requiring that "just compensation" be paid if private property is taken for public use. If the government wipes out Mortgagor's lien, is that not the government seizing Mortgagor's property for some presumably public use or purpose, without compensating Mortgagor for taking his/its property ? ? ?


    ________________________________________



  • Does this "Stop all foreclosure and evictions" platform need more thought ? ? ?

    `
 
QueEx said:
IDK Humble, you think this petition is reasonable ? ? ?

STOP ALL FORECLOSURES AND EVICTIONS:
  • Homeowner obtains a mortgage; there is little difference between the amount of the loan secured by the mortgage and the fair market value of the property; Homeowners went to the casino, got a little foolish and fell behind on the mortgage and have failed and refused to catch up the payments.

    * Stop this foreclosure ???

    * Why ???

    ________________________________________


    STOP ALL FORECLOSURES AND EVICTIONS:

    Tenants went to the casino, got a little foolish - spent the rent; fell behind under the lease; failed and refused to catch up the payments; and Landlord commenced eviction proceedings.

    * Stop this eviction ???

    * why ???

    ________________________________________


    STOP ALL FORECLOSURES; RECONSTRUCT MORTGAGE LOANS WITH HOMEOWNERS AT CURRENT MARKET VALUE AND 2% INTEREST FOR 30 YEARS.

    The current mortgage is at 8%; at the time of the second mortgage, the first and second mortgage did not exceed 80% of the then appraised value. Neither Homeowner or Mortgagee had any idea that the housing bubble would burst and that real estate values would plunge. Homeowners income has dropped and they got behind on the mortgage. Homeowners now several months in arrears and have not caught up. Mortgagee commences foreclosure.

    * Stop the foreclosure and reconstruct the mortgage ???

    * Mortgagor (the person or entity that made the loan and took a mortgage as security for repayment of the loan) should just lose the benefit of his/its bargain ???

    * Homeowners should benefit from their misfortune to the detriment of the mortgagor who hasn't taken advantage of Homeowners ???

    * Why/how is this fair or equitable ???

    * Is this not private Property??? - What about the "Takings Clause", the last clause of the Fifth Amendment, which limits the power of eminent domain by requiring that "just compensation" be paid if private property is taken for public use. If the government wipes out Mortgagor's lien, is that not the government seizing Mortgagor's property for some presumably public use or purpose, without compensating Mortgagor for taking his/its property ? ? ?


    ________________________________________



  • Does this "Stop all foreclosure and evictions" platform need more thought ? ? ?

    `
Click to expand...


  • It probably needs more thought, but signing the petition at the very least begins the conversation.
 
You must log in or register to reply here.
Back
Top