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Congress passes foreclosure prevention act. President threatons veto.

By
Real Estate Agent with John L. Scott Sp34627

Today the Congress passed the foreclosure prevention act. This is the first real legislation I have seen that looks to help the American Homeowner who is danger of losing his/her home. It gives money so that the loans can be renegotiated at the current value of the homes. This bill could help 1.5 American families stay in their homes. I was so happy....

But wait.... first all but one democrat voted for the bill... Bill Sali and Mike Simpson Voted against the Bill. I guess that Sali and Simpson do not care about homeowners in trouble. It gets worse....

President Bush threatens to veto this bill!

This is outrageous.  We need legislation to heal the crisis for all. The time for action is NOW! Every time an homeowner loses their home waiting for action the American dream has turned into the American nightmare for another family in our country.  I am running for the House of Representatives in CD2 of Idaho as a Democrat.

visit me at my political website at http://dhfc.110mb.com/index.html

 

As a real estate professional it is time to take action!  We know that the American homeowner needs help.  I urge that you contact your elected representatives and the president.  The time for action is now.

Posted by

 Debbie Holmes

John L. Scott Real Estate

  

(208)761-2551 Email: d5holmes@msn.com

To search Boise Homes visit my website

 

Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!

The time to act is now.  Prices can only stabilize when the foreclosure crisis is stabilized.  When Americans lose their home they go from being middle class to lower class.  The stability in their lives dwindles.  Today I was talking to a client who works in a furniture store. Business is way down there because  people aren't buying.  We are hurting, our clients are hurting.  Write your representatives and President Bush.  If you want the prises to stop falling we need give real action that helps people stay in their homes.

May 14, 2008 08:43 AM