We need our priorities set straight! WE the PEOPLE...
Respectfully to the White House
I am a wife, mother, tax payer and concerned citizen..working on commission. There is a good chance I might have to work a second job. In Daytona Beach there were only 339 closed transactions for the month of May..I wonder just how many were short sales and foreclosures...with over 1200 REALTORS...there are those that will go hungry or work harder and work a second job and more than likely take a job away from sole provider...or a minimum wage earner.
I've never worked harder in my life to produce a dollar...to feed my family...to maintain...to live. I am not here to gripe and am willing to work hard but I would like my voice heard as I experience everyday first hand the trauma...the shame...and the unknown of those suffering financially...with job loss...with a sick loved one..experiencing a short sale or losing the roof over their head.
Bad credit won't help them...because a bank won't help them. You feel that by loaning $689.8 billion to 592 institutions..this will help..but where exactly is this money going but more importantly how are these funds being used to benefit the economy..to help the people?
I have tried to work with people who attempted to get loan modifications but because they are late or have a type of loan that no longer exists today...they do not qualify! They feel powerless...some are hungry and some on their way to be homeless.but as a REALTOR I can only do so much but the government can do more.
The last short sale I did took months to process and the one before we had to threaten to call CNN. If banks would streamline their process..would be more efficient it seems to me they lack concern because the government stepped in. When these same bailout recipients do not abide by their own policies...do not follow their own time lines and at the end reduced my pay drastically.
My brother is a perfect example perfect credit worked hard all his life...then several tragic things happened to him beyond his control...several hurricanes in a span of 5 years which destroyed his house and the insurance company didn't cover a third of the cost. His wife got sick and even with insurance the medication is through the roof. She has applied for disability but a lawyer will be needed..and where is he supposed to get these funds? His wife was denied...and its clear she can no longer work...but the red tape..and time it takes to process disability has taken a toll on his wallet.
My brother tried everything he could to stay current but slowly started feeling the choke...so he worked a side job to stay current on his mortgage..2 jobs, a sick wife and repairing his home..he didn't want to walk away but if he continued the route he was going ...it would have killed him...he got sick himself and the best thing for him was to move.
He found a perfect solution and kept his mortgage current and decided to rent his house and relocate to Alabama..little did he know after being in Alabama for 3 months he would not be working today. The tenant that was supposed to move into his house...never moved in...because they were unemployed and are still unemployed today. Now the house sits because he can't get a loan modification and he can't pay his bills. Sucks for him and his wife..my family and his neighbors. Everyone suffers..everyone pays!
What about the people who can't keep food on their table? Or lost their jobs? These are the people I am talking about...not the frivolous..but the sick...the unemployed. the minimum wage earners and the uneducated. We as a country must invest in people rather than establishments because Establishments change and establishments go under. We can survive as a society without establishments but people should matter first and foremost... we need people as a society!
When I think there are people out there trying to survive on minimum wage or one salary..how can the U.S. government feel good about lending this ridiculous amount of money to Establishments. As wages should increase every year one thing is guaranteed we as the taxpayer will be paying more taxes every single year and probably the rest of our lives. For some employees they have taken pay cuts..lost benefits and will not see a pay increase for a very long time.
We say retirement age is 65 but really truly do you think people will and can actually retire and will they have enough money to live? Please no more bailouts to establishments...its we the people and not establishments...remember..... we the people put their faith in you..all of you!
While some may think this is not your fight in truth it is everyone...its impacting...you...me and many others. With empty houses...property values....and more broken dreams, uncooperative lenders, ridiculous time lines and the excessive cost to taxpayers today, tomorrow and the future.
Sometimes all it takes...is that one extra voice...