25 petitions

Update posted 1 week ago

Petition to Todd Spitzer (Orange County Board of Supervisors 3rd District), Mayor Mike Munzing, Mayor Tom Tait, Mayor Christine Marick, Mayor Fred R. Smith, Mayor Stephen Mensinger, Mayor Mariellen Yarc, Mayor Cheryl Brothers, Mayor Bao Nguyen, Mayor Jim Katapodis, Mayor Gerard Goedhart, Mayor Barbara Kogerman, Mayor Andrew Hamilton, Mayor Diane Dixon, Mayor Jeremy B. Yamaguchi, Mayor L. Anthony Beall, Mayor Miguel Pulido, Mayor Brian Donahue, Mayor John Nielsen, Mayor Tri Ta, Mayor Steve Dicterow, Mayor Bob Baker , Lisa A. Bartlett, Michelle Steel, Andrew Do, Shawn Nelson

Stop Careless Lending & Tax Defaults: Stricter Guidelines for PACE Loans

Making unaffordable loans based on the assets of the borrower rather than on the borrower’s ability to repay an obligation = PREDATORY LENDING Inducing a borrower to refinance a loan repeatedly in order to charge high points and fees each time the loan is refinanced (loan flipping) = PREDATORY LENDING Engaging in fraud or deception to conceal the true nature of the loan obligation, or ancillary products, from an unsuspecting or unsophisticated borrower = PREDATORY LENDING I, Lacy Robertson a Mortgage and Real Estate professional with over 14 years of experience am asking for stricter financing guidelines when approving homeowners that seek to finance energy and water efficient products.  This request is in an effort to prevent another financial housing melt down.  Too many people have lost their homes to unfair, careless lending practices and we don't need any more families to lose their most expensive asset they own or will ever own!  When you seek to finance a car or a house it is customary to provide debt and income information to the financing company in an effort to make sure you have sufficient income to repay the loan back for the benefit of both the consumer and investor.  This is where your help is needed!!!  Right now homeowners can apply to finance energy-efficient products with PACE loans without providing any type of documentation that would show their ability to repay the loan.  Not only is financing available but 100% financing is available.  100% financing on large purchase item(s) to consumers without considering their ability to repay the loan is not only risky but a recipe for disaster!!!  What does 100% financing remind you of…  Oh no, this sounds like adjustable rate mortgages being approved only at the minimum payment and never at the fully amortized highest contractual payment.  When lenders failed to see if an applicant could afford the highest payment amount under the loan it led to mortgages falling into default at record numbers once the payment adjusted.  The same is true if you fail to evaluate a consumer’s ability to repay PACE loans based on their income, debt and actual projected savings. It is only a matter of time, if stricter financing guidelines are not put in place that homeowners will be forced to default on their property taxes and mortgage payments that include property taxes.  Why?  Because They Can’t Pay!!!  Homeowners tend to upgrade to energy-efficient products in an effort to save money on their utility bills.  If sufficient guidelines are not in place to ensure that when a homeowner finances energy and water efficient products they can both pay the loan and save money then we are voluntarily creating another housing crisis but I HAVE GOOD NEWS YOU CAN HELP by signing the petition!   Based on my research and cases that I have come across PACE loans do not require any type of income and liability documentation before approving financing and at the very least this is careless and shows that the finance company doesn’t care if a consumer can afford to pay the loan because they now have collateral to back the loan classified as a Hero Property Tax Assessment which also creates a senior position lien or 1st position lien recorded against your property.  Yikes, if the homeowners can’t pay this loan, they will most likely lose their home or be forced to sell, when their original intention was trying to save money. PACE loans also don’t require that a homeowner at least saves a certain amount of money monthly/yearly when upgrading to energy and water efficient products.  Without this due diligence, there is no guarantee that the products are actually beneficial to them.  When a finance company fails to insure a consumer’s beneficial interest, you have a case where consumers are taken advantage of like during the refinance boom years.  Many homeowners were refinancing their properties over and over again with virtually no significant benefit to them and the only party that benefited was the lender. I need your help!  You need my help!  We need each other’s help!  Stop the careless lending of PACE loans.  It is time that we demand strict financing guidelines to protect our homes and our families.  Everything that is legal is not ethical but together we can prevent finance companies from taking advantage of homeowners in a legal but unethical way!  Stand Up For Your Families by signing this petition, sharing it with everyone you know and encouraging them to do the same!  We CAN make a difference. 

Lacy Robertson
113 supporters
Started 2 months ago

Petition to Wells Fargo, Timothy J. Sloan, Stephen W. Sanger, Hope A. Hardison, Franklin R. Codel, Richard D. Levy, Avid Modjtabai, Lloyd H. Dean

Wells Fargo: Stop foreclosure on our dead fathers home

Our father had a massive heart attack in 2008 and we thought we would have lost him at that time but he survived. Our dad was the main breadwinner in our household. As he suffered a major health setback, so did we financially. Throughout this time he made frequent visits to the hospital which made it difficult for him to maintain a job. Therefore it was also difficult to cover household bills, as well as medical expenses. Another unexpected event occurred in 2010 when our tenant intentionally set our house on fire, which forced us out of our own home. The fire and the stress of the event truly set our dads health back severely. He required many stents, a pacemaker, and a lvad machine to help his heart function. As all of these medical treatments were short term, our father still made multiple visits to the hospital. The only secure option we had to sustain his life was a heart transplant, his body accepted the heart but sadly the heart itself was not good and caused our father to pass away a week after receiving.  Since the start of our father's illness in 2008 we have tried to get a loan modification. But we keep getting denied, saying we are missing documents, or either have to redo paperwork. This has been the ongoing cycle for the past several years. We have spent hours on the phone speaking with customer service representatives who won’t provide us with any information. All they can tell us is that they have received our documents and they are “reviewing” it. Despite repeated calls, letters, and faxes, they still won't tell us how to save the house. After multiple failed attempts of trying to achieve a loan modification, we opted for a short sale instead. Of course, this option was also denied multiple times. With responses saying that we either have insufficient paperwork, or they are moving forwards with the foreclosure process. We had multiple buyers interested in the house for a short sale but because of Wells Fargo constant need for us to resubmit paperwork all the time, we have lost all such opportunities.  Wells Fargo won’t even talk to us and last we heard the house is in foreclosure since Feb 20th, we were never alerted. The numerous amount of times we called to ask if they received the documents for a loan modification not once did they say the house was already in foreclosure. All they keep saying is we are missing documents or submitted late, we have proof of submitting all the needed documents.  Despite our best efforts Wells Fargo is still trying to foreclose on our house and we have nowhere to go. Now they are planning on auctioning the house. I urge you to make any modifications needed to the loan and allow us to continue our lives in our home of 17 years. This modification is easy to make - and will make a big difference for our family in need. If you can't do that then at least grant a short sale. We have always worked hard and paid our taxes. I'm asking you, and the other big lenders, to do the same. We would like to appeal to Wells Fargo and ask for a loan modification again. We have nowhere to go. We are one of the thousands of families who have already lost their home or are at risk of foreclosure.  

Philip Y.
18,584 supporters
Update posted 5 months ago

Petition to Wisconsin State Bar Association, Mark W. Rattan, James J. Winiarski, Paul W. Schwartzenbart, Christopher King, Keith Sellen

Sue the Attorney and State Actors for violating the First Amendment and Free Press We are setting up a funding link for this.  Attorney Mark W. Rattan of Litchfield Cavo assaulted me for running a small (3.5") still camera in direct violation of the ruling in a bogus disciplinary hearing against a foreclosure defense attorney, Wendy Alison Nora. The Referee's failure to admonish Attorney Rattan for his threatening and abusive actions that clearly constituted a breach of the peace under state and local code represents an unlawful Chilling of my First Amendment Rights and Responsibilities as a journalist. This is particularly true given his consistent "warnings" levied at me for no reason, simply for taking a handful of pictures from time to time. My picture count was low and I kept it that way so as not to offend. Notably, the Record will reveal that Referee Winiarski actually ejected me the moment I asked him why he had not reprimanded Attorney Rattan and when I indicated that I would take the matter up with the Wisconsin Supreme Court, and that “I was done talking.” So he punished me and the Cause of the First Amendment and the Cause of Justice and open government in Ms. Nora’s case because of my notice of intent to exercise my lawful right of review, and that’s a fact. These events occurred the way in which they did because of unlawful bias against Ms. Nora and myself because we are exposing robo-signing, forgery and fraud that has run rampant in the mortgage industry for the past several years.

Christopher King
10 supporters