Tuesday, March 10, 2009

Remember the movie "The Money Pit"?

Remember the movie "The Money Pit"? For you who don't: It is a very funny comedy about a couple who decided to fulfill a dream of purchasing a fixer upper mansion. The more money they poured into this thing the more it absorbed. It had everything wrong with it, and the whole scenario was played out in a most funny manner.

Today AIG announced it needed more of our tax money because it was about to go under. I chuckled as I thought about that old movie...really it is a bit funny.

Afterwards my husband and I were in a store. The cashier, in a cheerful manner, began telling us she was one of those people about to loose her home. I felt honored that she felt safe in telling me her story.

The young mother said she had applied for the federal and state help. She continued to say that the bureaucracy kept changing the procedures requiring her to start the whole process over and over again...red tape that was eating up the funds before it could reach those for which it was intended.

I sensed her stress behind her joyful mannerism, and said, sometimes we have to laugh just
to keep from crying. "Yes"', she said. I encouraged her to tell her story, because people need to know." (many Countries blame Americans for what is happening in the world economy. They need to hear these stories as well) It is easier for those of us who sit in our comfortable paid for homes to laugh at this, but lets not forget that it is not that way for everyone, and we all need to reach out to each other, and support one another.

I told her about the information Ohio Representative Marci Kaptur was giving her constituents on how to save their homes. I am attaching it so you can pass it on to those who might be in the same situation as this lady.
http://www.youtube.com/watch?v=e2Xx5EidHoA

CongresswomanMarci Kaptur's website http://www.kaptur.house.gov/

Contact your Congressman: If any good they can cut through red tape. If you do not know how to contact him click here: click here

Note: The large banks have divided up the different mortgages, and sold them in bundles over and over to different banks. As an attorney herself she said that in most cases the deeds and original closing papers have been lost. Thus they do not have the legal right to foreclose on anyone. She also adds get good advice from an attorney before trying this.

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