Petition Closed
Petitioning Attorney General CA. Kamal Harris and 5 others
This petition will be delivered to:
Attorney General CA.
Kamal Harris
Co. Attorney General
John W. Suthers
Executive Director Howard Simon
AMERICAN CIVIL LIBERITIES UNION
Executive Director Kary Moss
AMERICAN CIVIL LIBERTIES UNION
Executive Director Hector Villagra
AMERICAN CIVIL LIBERTIES UNION
Executive Director Kevin M. Keenan
AMERICAN CIVIL LIBERTIES UNION

AMERICAN CIVIL LIBERTIES UNION AND ATTORNEY GENERALS-Help Change Bankruptcy Laws So People Have The Same Rights As Businesses.

2 Petitons concering solving the foreclosure, and unemployment crisis. Currently business can use the bankruptcy court to have their debts modified to current interest rates and principal balances reduced by a judge. By law judges are not allowed to do the same for homeowners. This is clearly a violation of the fourteenth amendment to the United States Constitution under the "equal protection under the law clause"

The 14th Amendment Section 1 reads: 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

The ACLU and the Attorney Generals have failed to make this breech of our citizens homeowner's rights a top priority. If they made it a top priority, and we convinced Congress to change the law, banks would be more willing to work with homeowners to modify there interest rates, and adjust their principal balances to the current interest rates, and market value of the home. (see video)http://www.youtube.com/watch?v=J7YPR_p7DYQ/

While we're at it, we should allow homeowners to satisfy the mortgage insurance requirement, for down payments under 20%, to be satisfied by a mortgage payment insurance policy that would pay the mortgage payment if the homeowner became unemployed by no fault of their own, or became disabled. This would be better for the economy, because there would be less foreclosures, and the banks would still get their payments. As we have found out in this Great Recession, banks would rather collect mortgage insurance than modify the mortgages to keep the payments coming in, because it is more profitable for the banks to collect the mortgage insurance.

2nd Pertition 
Please view and sign, if you agree, our other Petition on Change.org at . http://www.change.org/petitions/stop-the-unnecessaryforeclosures-and-uneployment-crisis-with-new-mortage-terms/

 


Letter to
Attorney General CA. Kamal Harris
Co. Attorney General John W. Suthers
Executive Director Howard Simon AMERICAN CIVIL LIBERITIES UNION
and 3 others
Executive Director Kary Moss AMERICAN CIVIL LIBERTIES UNION
Executive Director Hector Villagra AMERICAN CIVIL LIBERTIES UNION
Executive Director Kevin M. Keenan AMERICAN CIVIL LIBERTIES UNION
I just signed the following petition addressed to: AMERICAN CIVIL LIBERTIES UNION AND ATTORNEY GENERALS.

http://www.change.org/petitions/american-civil-liberities-union-help-change-bankruptcy-laws-so-people-have-the-same-rights-as-businesses

1 of 2 Petitions concerned with the foreclosure and unemployment crisis. Please view and sign,if you agree, our other Petition on Change.org at . http://www.change.org/petitions/stop-the-unnecessaryforeclosures-and-uneployment-crisis-with-new-mortage-terms/
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Help change bankruptcy laws so people have the same rights as businesses.

Currently business can use the bankruptcy court to have their debts modified to current interest rates and principal balances reduced by a judge. By law judges are not allowed to do the same for homeowners. This is clearly a violation of the fourteenth amendment to the United States Constitution under the "equal protection under the law clause"

The 14th Amendment Section 1 reads: 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

The ACLU and the Attorney Generals have failed to make this breech of our citizen homeowner,s rights a top priority. If they made it a top priority, and we convinced Congress to change the law, banks would be more willing to work with homeowners to modify there interest rates, and adjust their principal balances to the current interest rates, and market value of the home. (see video) http://www.youtube.com/watch?v=J7YPR_p7DYQ/ Copy address and put in address bar.

While we're at it, we should allow homeowners to satisfy the mortgage insurance requirement, for down payments under 20%, to be satisfied by a mortgage payment insurance policy that would pay the mortgage payment if the homeowner became unemployed by no fault of their own, or became disabled. This would be better for the economy, because there would be less foreclosures, and the banks would still get their payments. As we have found out in this Great Recession, banks would rather collect mortgage insurance than modify the mortgages to keep the payments coming in, because it is more profitable for the banks to collect the mortgage insurance.

Please view and sign,if you agree, our other Petition on Change.org at . http://www.change.org/petitions/stop-the-unnecessaryforeclosures-and-uneployment-crisis-with-new-mortage-terms/

Sincerely,

Leonard C. Tekaat Economic scholar, author, and Chairman of the Committee For Economic Reform and A Better Economic Future