There is always going to be a split opinions about homeowners getting a loan modification. Yes they borrowed the money and yes they owe. But I know people that have put down 100k and lost their job or lost their business and I really do think that it is a shame that there is no real help for them to keep thier home. The treasure department just announced that Obama Home affordabiity was a flop.
How can we help out these big banks and make sure the CEO's can still get thier million dollar bonuses and kick the rest to the curb. Its pretty clear when Henry Paulson was bailing out the banks he was also bailing out his friends and setting up Goldman Sachs for to profit big time.
As long as everything is voluntary the banks are not going to make an effort the only way to help out the homeowners is give the BK judges that have homeowners that are desperate enough to file bk and keep a roof over their familes head.
There is a new bill in the works and is being considered this week for approval here everything is done for you except sending it out for you. 
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A SAMPLE LETTER TO YOUR ELECTED REPRESENTATIVE:
I am writing to urge Rep. __________ to support the amendment to H.R. 4173 being offered by Reps. Conyers, Turner, Lofgren, Marshall and others that will help stabilize the housing market by helping families avoid foreclosure.
The foreclosure crisis continues to worsen and is preventing the economy from beginning its recovery. In 2009 alone there have been more than four million foreclosures, and it has been forecasted that unless something is done, there will be 14 million more over the next few years.
The Obama Administration’s Making Home Affordable plan has failed to-date because it provides a carrot, but no stick. The stick was always intended to be judicial loan modifications.
Obviously, the banks and servicers are not going to modify loans voluntarily. We need judges to be able to modify the mortgages on primary residences for homeowners in bankruptcy.
If you voted yes on HR 1106 this past spring, this new amendment is identical to H.R. 1106. If you voted no on HR 1106: Please consider that in the intervening months, the foreclosure crisis has gotten much worse. If our economy is to recover, we need the housing market to stabilize before any recovery can take hold.
Thank you.
Sincerely,
John and Joan Q. Public
Whatever you do… DO IT TODAY… like now would be perfect. Don’t put it off and let it go. Our country’s economy and millions of homeowners are counting on you. TOMORROW AT THE LATEST…
CONGRESS WILL BE DEBATING THIS ON THURSDAY OF THIS WEEK…
THERE IS NO TIME TO SPARE. PRESIDENT OBAMA HAS TRIED TO GET THE BANKS TO VOLUNTEER. IT HASN’T WORKED. THERE IS ONLY ONE GROUP MORE POWERFUL THAN THE BANKING LOBBY… THE PEOPLE.
TAKE ACTION AND ENCOURAGE OTHERS TO DO THE SAME… NOW! PLEASE FORWARD THIS EMAIL TODAY TO EVERYONE YOU KNOW. WE SIMPLY CANNOT ALLOW THE BANKS TO WIN OUT OVER HOMEOWNERS AGAIN.
 Gene Perez Dre 01321588
Buying or selling a home or property in Santa Maria CA, or a Santa Maria foreclosure, or a property on the Central Coast, my goal is to provide you with resources you need. 805-448-7101 or email me at GenePerez@GMSLoans.net
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