Stop Foreclosing on Homes
  • Petitioned Bank of America, Wells Fargo Bank, Chase, City Group

This petition was delivered to:

Bank of America, Wells Fargo Bank, Chase, City Group

Stop Foreclosing on Homes

    1. Petition by

      Jeff Green

Pledge not to buy a house until a moratorium is declared on foreclosures.

Banks are forcefully removing people from homes and foreclosing instead of relieving the homeowners of the bad mortgages to allow homeowners to remain in homes. --

Therefore, I pledge not to patronize banks like Bank of America, Wells Fargo Bank, Chase, City Group until these offending banks and/or the US Government declare moratorium on foreclosures. If I need to buy a home I will patronize a credit union or other community lending institution.

These banks sold bad mortgages to people and then got bailed out with taxpayer money. 60 % of people who received subprime loans qualified for prime loans, but were offered lower quality loans because brokers who peddled subprime loans received commissions of 0.50 percent of the loan's value, versus 0.20 percent on higher quality loans. In the United States, 18.5 million homes are vacant while 3.5 million people are homeless. Every 10 seconds, an American receives a home foreclosure notice (NPR). We need to join together and call for a moratorium on these forecloses.

Recent signatures

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    1. Reached 10 signatures

    Supporters

    Reasons for signing

    • Cari OBrien ELK RUN HEIGHTS, IA
      • about 2 years ago

      They are stealing my home from me tomorrow

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