Ask Secretary Geithner to Help Working Families Stay in their Homes
  • Petitioned Treasury Secretary Timothy Geithner

This petition was delivered to:

Treasury Secretary Timothy Geithner

Ask Secretary Geithner to Help Working Families Stay in their Homes

    1. Sponsored by

      National Council of La Raza

Working families across America continue to face foreclosure with no real relief in sight. They are hassled by their banks that lose or produce fraudulent documents. The federal government has defunded ‘housing counseling’ -- one of the only tools that has been known to decrease a borrower’s chances of defaulting on a loan. And now decision-makers are considering requiring a 20% down payment for new homebuyers. It would take an average family 14 years to save that money!

Families that have gone through foreclosure have experienced a substantial blow to any financial security they once had. Some struggle to find a suitable rental unit and cover basic expenses. Many who try to save their home have identified unresponsive or unwilling lenders and botched paperwork as reasons they could not avoid foreclosure.

Take the Navarro family from southeastern Michigan, who was among those NCLR interviewed about their foreclosure experience. Even after doing everything the bank asked, they still couldn’t stay in their home. John Navarro says:

"We fell behind in a couple of payments because I had a heart attack, and so I negotiated with the mortgage company. They said send us $2,300 and you will be square. So we did. And then three days later is when I get a knock on the door and they tell me that I was in foreclosure…"

Americans in every community are in dire need of smart policies that restructure our housing finance system, rather than hold tight to the status quo. 

Tell Treasury Secretary Timothy Geithner to help working families: stop wrongful foreclosure, provide affordable homes to rent, and protect the dream of homeownership.

 

Recent signatures

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    1. Reached 3,000 signatures

    Supporters

    Reasons for signing

    • Chastity Upton DETROIT, MI
      • almost 3 years ago

      i think its a real shame when we as americans cant keep what we've worked hard for.

      REPORT THIS COMMENT:
    • Christyna Lewis HOUSTON, TX
      • about 3 years ago

      The banks and mortgage companies need to be held to the same standard as other businesses and the American people.

      Foreclosure should be their last resort, not their SOP. People need mortgage relief!

      REPORT THIS COMMENT:
    • Laurie Hambaro MONTEREY, CA
      • about 3 years ago

      Because Deautche Bank does not participate in Hamp programs

      REPORT THIS COMMENT:
    • Deborah Shillam KEIGHLEY, UNITED KINGDOM
      • about 3 years ago

      I've seen so many people lose homes that remain empty and fall into dubious hands or bad repair. It makes more sense to let people pay what they can to stay in their homes and the shortfall in payments could wait for a later date when the ecomony recovers. Foreclosure is not the answer and it's banks not the little people that should carry this burden until things get better.

      REPORT THIS COMMENT:
    • Salvannah Philips PLANTATION, FL
      • about 3 years ago

      Why AREN'T BANKS BEING HELD ACCOUNTABLE FOR THEIR PART AND ALL THE SCAMS AND LIES THEY ARE TELLING HOME OWNERS ~~WHY DO THEY GET BAILED OUT AND NOT HOME OWNERS~~

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