I want to hear from you! Make a difference....be heard!
I thought that it would be interesting for all of us with helpful ideas to check in and voice our opinions as to what should be done with the bailout money. It's really upsetting to hear that this money can go to buy up smaller banks, outside companies, pay $3,000,000 in Bonuses to one person, OMG! Do you realize that $3,000,000 could have been used to save hundreds of homes here?
So let's make a list..(come on jump in, you know you want to) and then I'll update the list and than I'm sending it to my congressman and to the lenders. You can do the same if you wish. I think they need some help from us agents that are working out here everyday and seeing people lose their houses because the lenders will not take a partial payment, or can't do a loan modification because they don't have 10% equity, etc. I've heard them all and I just can't believe how out of control these lenders have gotten!
If I were the CEO of the Bailout Commitee I would....
1. Contact all the people that have loans adjusting and offer to hold their rates for the next 24 months.
Posted By Vicki Watzlawick, Broker Owner, Exit Platinum Realty, Illinois CERTIFIED Foreclosure Expert, www.fightingforeclosuretoday.com