Tell Banking Executives: Act NOW to Keep Families From Losing Their Homes
This petition had 4,393 supporters
Sign this petition to demand that big banks who made record profits selling irresponsible, predatory loans act quickly to help Maryland families avoid foreclosure.
Before the ink has even dried on the national robo-signing settlement, banks were back to business as usual - the business of foreclosing upon struggling homeowners.
Last month, more than 14,000 Maryland families learned that they might lose their homes in foreclosure. These are families who worked hard, played by the rules, and found that banks had their own separate rule-book.
Kevin M., from Baltimore City, learned this lesson the hard way. An Iraq war veteran, Kevin was working full-time while taking college courses part-time when his war injury forced him to stop working. He called his lender (one of the five in the national settlement) and asked them to modify his loan. Instead, they foreclosed on his home while telling him his loan modification was still being considered.
It’s just not right.
One good thing to come out of the national foreclosure settlement is a requirement that banks must modify mortgages by reducing the principal owed to an affordable level. But there’s no time to waste. Households facing foreclosure can’t wait 75-90 days for relief. They need it yesterday. Please sign our petition today!
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