Ensure Foreclosure Settlement Funds Help Homowners And Are Not Diverted
  • Petitioned MO Gov Nixon, MO Att. Gen. Koster

This petition was delivered to:

MO Gov Nixon, MO Att. Gen. Koster

Ensure Foreclosure Settlement Funds Help Homowners And Are Not Diverted

    1. Josh Noble
    2. Petition by

      Josh Noble

      Marceline, MO

When the federal government settled with banks for $26billion over the mortgage crisis, it was intended for that money to be used to help homeowners. Missouri Governor Jay Nixon plans to follow in the footsteps of Wisconsin’s Scott Walker by allowing $40million of the $196million of Missouri’s portion of the settlement to be diverted towards education. Missouri Attorney General Chris Koster, in the position once held by Governor Nixon, agrees with this decision and is planning to transfer the money from the mortgage settlement to the general fund for this purpose.

Governor Nixon’s budget calls for education funding to be cut by 12.5% this year. However, the mortgage settlement money was never intended to fill this gap, it was intended to aid the homeowners who have been affected by the mortgage crisis. While I do not support any cuts in education, to allow these funds to be diverted is essentially taking the money out of the hands of these struggling homeowners.

What is seen here in Wisconsin and Missouri could set a troubling precedent, if other states should decide to follow similar courses of action. If mortgage settlement funds are diverted from the hands of the homeowners that have been affected, then the mortgage settlement does not serve its truly intended purpose and results in being nothing more than a blank check to states to use as they see fit. This course of action is not only disrespectful to homeowners, but to those in Washington who fought so hard on behalf of the homeowners.

As a lifelong Missouri resident, I ask you to help me send a message to Governor Nixon that we in Missouri do not want to become a precedent for other states to follow in dishonoring the mortgage settlement by diverting the funds away from those it intends to help. If this course of action is allowed to continue, then the mortgage settlement means nothing as it does not serve its true purpose.

If we allow Missouri Governor Jay Nixon to dishonor the mortgage settlement by diverting funds, other states may follow suit, and homeowners across the nation that were affected by the mortgage crisis will be in danger of being denied financial relief and justice. The buck MUST stop here!!

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      Petition Organizer

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    2. Reached 10 signatures

    Supporters

    Reasons for signing

    • BARBARA COOK KANSAS CITY, MO
      • over 2 years ago

      BECAUSE OF THE MORTGAGE FRAUD I EXPERIENCED WHEN I PURCHASED MY HOUSE IN 2007 BY THE MORTGAGE CO. THE REAL ESTATE CO., & ALL WHO WERE INVOLVED IN MY HOME PURCHASE WHICH MR. KOSTER WOULD DO NOTHING ABOUT, EXCEPT HE JUST LET THESE PEOPLE KEEP UP ALL THEIR FRAUDULANT PRACTICES, WHICH IS A PART OF WHY PEOPLE ARE LOSING THEIR HOMES IN MISSOURI...................

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