TO: My Congresswoman or Congressman

cc: My Senators, President Obama, Treasury Secretary Geithner, Housing and Urban Development Secretary Donovan, Federal Housing Finance Agency Director DeMarco, and members of the media

I ask that you support H.R. 4848, the "The Save Our Neighborhoods Act of 2012".

I want a moratorium on foreclosures and foreclosure-related evictions for distressed homeowners.  We are suffering the worst housing crisis since the Great Depression of the 1930's.  Everyone is being affected by the foreclosure crisis.  Hundreds of thousands of families are facing eviction from their homes and entire communities are being decimated by abandoned and often vandalized homes which drive down property values for everyone.  This MORATORIUM will give homeowners facing foreclosures a period of up to three years to try to save their homes, while we wait for a real economic recovery with jobs for the millions of unemployed people.

The H.R. 4848 would require an immediate pause in the foreclosure process for homeowners. The bill would require the bank to meet with the homeowner in foreclosure to discuss modifying the mortgage.  The bill provides an incentive for banks to modify the mortgage: if the modification does not occur, the foreclosure would be stopped for three years and the court would determine a reasonable amount that the homeowner must pay each month.  Once this three-year period is over, the court would reduce the principal of any underwater mortgage to its fair market value.  This plan would keep families in their homes, keep our neighborhoods safe, and spur our economic recovery.

Sincerely,
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