Moratorium on
                      Foreclosures Banner at Rally - May 1, 2008
National Campaign for a Moratorium on Foreclosures

PASS H.R. 4848
"The Save Our Neighborhoods Act of 2012 "

(Please scroll down to sign petition)

Please tell your U.S. House Representative that you want H.R. 4848, which would help save neighborhoods and keep families in their homes by encouraging mortgage loan modifications and suspending foreclosures and foreclosure-related evictions for up to three years.

Sign the petition below and it will be sent to your U.S. House Representative, your Senators, President Obama, Treasury Secretary Geithner, Housing and Urban Development Secretary Donovan, Federal Housing Finance Agency Director DeMarco, and members of the media, saying you support HR 4848 and that you want her or him to support the legislation.

For more information on H.R. 4848, "The Save Our Neighborhoods Act of 2012", please click here

Complete the following easy steps:

  • Step 1: Enter your contact/signature information
  • Step 2: Edit/tailor our sample letter to send, and
  • Step 3: Send the message!

Sample Text (you will be able to edit it in step 2):

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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posted April 29, 2012

Campaign to Support H.R. 4848 and a 3-year National Moratorium on Foreclosures and Foreclosure-Related Evictions

Sponsored by:


Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shutoffs
www.moratorium-mi.org

&
The Campaign for a National Moratorium on Foreclosures and Evictions
www.nationalmoratorium.org
 
5920 Second Avenue
Detroit, MI
For further information, call (313-459-0777)
email: info@nationalmoratorium.org