If you've been following foreclosure news, you probably already know that in the state of Ohio, lawmakers are attempting to place a 6 month moratorium on foreclosures.
This is not something new that has been invented by our "trusty" politicians looking out for the best interest of residents of Ohio, but a re-enactment of a tactic utilized by government during the Great Depression. The idea is to give homeowners some time to resolve their foreclosure matters.
If you are in foreclosure, the passing of this bill by the House in Ohio is good news for you. The bad news is that the Senate in the State of Ohio is controlled by Republicans, who have to date, shown fierce opposition to this matter. Should this bill be passed by the Senate, however, you will be provided with a six month reprieve as it relates to the loss of your home through foreclosure.
As an optimist, I expect that even politicians will do the right thing. In this case, it means that they will have to do what their voters want. Remember when Obama was running for president? If you followed his campaign, or were active at all in the process of electing a new President, or even at any point watched the news, you saw how Obama's campaign utilized the "Vote!" strategy to get more people to vote. Young and old, droves of new voters registered and voted. Even U.S. citizens who did not make it a priority to vote. This election, more than any other, we saw that the power of voting can certainly influence an election. Going into election day, McCain and Obama were practically neck and neck. No one knew what was gonna happen. Unsurprisingly (to me at least), Obama won this term's election by a landslide!
So what does this have to do with you homeowners in Ohio? How does this help you to resolve your foreclosure matters? Simple. Your Voice Counts!
Just because elections aren't over, doesn't mean that you're job as a voting citizen is through. Do you ever wonder why sooo many people complain about politicians? Do you ever complain that you shouldn't have voted for that guy (or gal), that you made a bad decision? Well the truth is, you pay their salaries with your tax dollars! Its your job to make them work for you!
In addition to having a job to do, each politician is aware of his public view, his ability to be re-elected, as it were. They want to know what you think, they want to know were you stand, they want to know if you will vote them in for another term. Use this power to your advantage! Contact your local senator and tell them to get on the ball! Tell them to vote for this moratorium, which homeowners across the country so desperately need. If Ohio passes the moratorium, it is very likely that other states looking to do the same will follow suit.
Don't know how to contact your Senator? Go to your state senate information page.
Go to their page (linked above) contact them vial phone or mail, and tell them you NEED that time to work out a plan with your lender! Every voice counts, and just because you may lose your home, doesn't mean you won't vote for them in the next election. They work for YOU! Put them to work!
If you have any questions on how you should prepare for a workout with your lender, I would be happy to speak to you about your specific situation. You may contact me by clicking on my profile information, or going to my company website. 1st Choice Mortgage Resolutions You can find contact information on that page. Consultations about your mortgage are free! Get the answers you need and deserve!
Sincerely,
Walter Getz
Executive Resolution Consultant
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