The Big Banks are Still Opposing C.A.R.'s Bill to Protect Borrowers
The vote is TOMORROW! Please call TODAY!
Call Senator Dennis Hollingsworth Today!
Urge him to vote "Yes" on SB 1178.
Call 1-800-672-3135 and enter my PIN number -- 196519571 I just did and it took 1 minute!
This is an important vote for many homeowners who are not able to make their balloon payments or their mortgage is readjusting, making it impossible for them to continue to make their payments. These homeowners cannot sell the home for what they owe, and if they "walk away" or sell their home in a "short sale", they oftentimes will be held responsible to be taxed on the deficiency. The banks are digging in their heels about this legislation, even though they are getting bailouts by the Federal government to see them through.
Responsible homeowners who have gotten stuck in this bind could use some mercy from the government in the form of not having to pay the taxes on the amount of money they lost the banks on their mortgages. Please know that this legislation will only cover homeowners whose mortgage is strictly for their home and will not cover equity taken out of homes for other purchases!
Call Senator Dennis Hollingsworth Today!
Urge him to vote "Yes" on SB 1178.
Call 1-800-672-3135 and enter my PIN number -- 196519571 I just did and it took 1 minute!
Thousands of responsible homeowners need our help.
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