My congressional representatives are home and hosed after a few late nights voting on the latest version of the Healthcare Bill. Good for them. We pay them to sweat the details of the thousands of pages of legalese they have before them that will affect us all when they become law. I implore every citizen to please write your elected officials over the holidays about issues of concern to you.
Go to http://www.congress.org and type in your zip code and a list of your state and national representatives will pop up with instructions on how to contact them.
It's vitally important to write our officials because they are very removed from what is going on in our industry and locales. They think if they hand over another billion or two to the Biggest Banks, Freddie, Fannie and AIG and set up an appraisal firewall that they have done their days work. For example, the PR around the HAMP (hype) loan modification program is completely miselading.
People are simply not being helped by this program. FHA, VA, USDA and private lenders skip the responsibility to help if they have not received TARP funds! If anything, banks are using these guidelines to deny many people. We hear these words of hope mouthed by our representatives but WE are the only ones who can complete the feedback loop as to what is really happening for our buyers and home owners. I'm not saying they don't care. They just don't know. It's our job to tell them.
I began my Christmas message to my elected officials:
"Dear Mr. President,
I hope as you enjoy your holiday break you will reflect for a moment upon the millions of Americans axiously waiting to find out if they will be evicted from their homes in the New Year...."
read more: www.http://equitytalks.blogspot.com/2009/12/holiday-reflections-write-your.html
Later, I contacted some distressed homeowners to suggest they send their stories to their congressional representatives. After all I'm in the business of mortgages and easy to ignore. Actual case histories are not so easy to forget. Their stories make compelling reading. Some folks have been attempting loan modification for over a year. Many are stuck in 'trial workout periods' for six months and counting. All this ongoing agony after a year or more of financial distress.
As I signed off my computer, I thought out loud:
Dear Mr. President, May you never experience the loss of your job, your dignity, your spouse's health, your business, a loved one, or your home, as many of your constituents are losing as I write. We need you up to the job of protecting them.
To prosperity and joy in 2010