Below is something that I truly believe that needs to be addressed by a community task force.
There are laws that need to be changed in favor of the consumer.
Take for instance consumer rights with mortgage companies, such as Bank of America, Wells Fargo and others?
As you well know the banks are selling our homes out from underneath us at half the price of what the original loan was worth.
If the Banks are allowed to do this, then why don't they negotiate with the home owner.
Notice I say Home, the banks call it Paper!
The banks are hurting more then just the home owner.
When a home is sold at auction at half the price then the tax assessment is lowered which not only effects the over all community but also hurts our County's income, mostly effecting our rural areas and services like the fire and sheriff' department, our roadway's, library's, county parks and other affiliated services.
Withholding information in some cases is considered lying:
The Banks are withholding information which the consumer / home owner should have
access to. Like "Who actually holds the note on ones property?"
Home owners should have the right of discovery, especially when paper trades hands.
The Banks are too well protected, have rights etc. and the consumer, the home owner has very little.
It is time that we as individuals stand up to the Banks, our State needs to stand up to them and so do our County's.
Every time a Bank forecloses on paper, people are being left homeless, the community
suffers, the State suffers and so does the County in which we live.
We all need to take a stand.
Monday, April 5, 2010
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