BAD NEWS – THE LEGISLATION WAS DEFEATED IN THE SENATE … IT IS BACK TO THE DRAWING BOARD WHEN IT COMES TO PRINCIPAL REDUCTION RELIEF FOR HOMEOWNERS WHO ARE UNDERWATER ON THEIR HOMES.
YOU CAN STILL HELP – PLEASE SEND YOUR CONGRESSMEN AND SENATORS THE FOLLOWING EMAILS –
Please email your friends the link to this Website and encourage them to do the same. If they are outside the State of Michigan, they can find their U.S. Senators by going to the following link:
For Your Congressman, you need to look up the address based upon your Zip Code and the 4-digit Extension. You can get both of these at the following link:
Then paste the following messages into separate emails to each person:
EMAIL #1
We are very frustrated. We are underwater on our homes. Unemployment is rampant in the Michigan area and many, many people, including our friends and acquaintances are counting on receiving some form of relief. The Helping Families Save Their Homes in Bankruptcy Act of 2009 which includeD the cram down provision in bankruptcy was critically important. Please take such action to reintroduce and pass this important legislation. Chrysler’s Bankruptcy (and soon GM’s) is and will continue to cause Michigan to suffer a disproportionate hardship in the housing market for many, many years. This legislation would be a positive step in getting the mortgage lenders to negotiate outside of Bankruptcy due to the threat of filing. At present, everything done to date does NOTHING to truly push the lender to deal with us fairly. We need your help and ask that you garner support among your colleagues to reintroduce this legislation and get meaningful relief passed – with the cram down intact. Thank you.
