To: President Donald Trump
Let's Salvage the Housing Market!
Obama, Congratulation on your reelection....Now STOP the Foreclosure Crisis...STOP the Housing Crisis...STOP banks from taking peoples homes and then reselling the home to a third party for the current value! Propose to Congress that banks use our BAIL OUT DOLLARS to rewrite mortgages on threatened foreclosed homes to current values to the current owner...help them save their homes.
Why is this important?
I had to let my retirement home go because it became a toxic asset. It was a decision of spend all my retirement money to save my home or spend my retirement money to take care of myself. My bottom line was for bank to use tax bail-out dollars to rewrite my loan to current value of approx. $270,000. Bank said "NO WAY", foreclosed, THEN SOLD MY HOME TO ANOTHER PARTY FOR , you've got it, $ 270,000!!!