Crist Should Listen to ACORN

To Wells Fargo, my lender, my dream-killer:

I am in the process of losing my primary home, my only home.  I contacted my lender before I defaulted on my first payment and they refused to talk to me.  I tried again when I realized that my home was worth less than the mortgage I owed.

They still refused to talk to me.  Now I’m filing bankruptcy to liquidate what few assets I have.  When I go to court for my bankruptcy, I will be asking for a cram-down, because had my lender talked to me before I defaulted, they’d be getting payments in full by now, and I would be able to keep my home.

I support ACORN and wish to see the spread of the Philadelphia miracle.  By requiring lenders seeking a foreclosure to sit down with distressed homeowners and mediate a resolution, the Philadelphia Foreclosure Diversion Program has succeeded in keeping 78% of families in their homes.

I am certain if it existed in Florida, I would be able to save my home and my lender would be able to take my property off their REO list in the future.  

Sincerely,

I hope President Obama listens to this little woman here and tells Wells Fargo, you are not to big to go out of business.

~ by tainastaboos on May 9, 2009.