Egypt, Obama and HAMP Program

After two years of the Obama Administrations effort to Stop Preventable Foreclosures the Country is in worst shape now than it was in 2008 when the crisis started. We all know the damage the governments effort, HAMP, has caused families, community, cities and the economy overall.

We all know where the problem lies; the servicing industry, and their unwillingness and inability to implement what is a good program. HAMP has failed not because of the program design but because of the servicing industry’s greed.

I our opinion we have only one option left to save millions of families from losing their homes - and real estate values continual decline which will impacts every American homeowner and the economy for years to come.

The main problems with the servicer are improper underwriting according HAMP guidelines and lost document resulting in long delays and denial of application. We know there are other problems but this effort, which will be referred to going forward as “This Egyptian Thing” or “TET”, will be an attempt to change what we can change. “TET” main objective will be to take the sole underwriting authority out of the hands of the servicer when possible. Neutral Third Parties are needed to make sure every American is being given a fair hearing on a case by case basis. The servicing industry will change once they know they no longer have a monopoly on the underwriting process and that professional underwriters are checking on their work product.
“This Egyptian Thing” when referencing this effort - has been chosen for a number of reason; we just witness a large group of people organize quickly, offering a single message for change. Americans should stand-up and take notice; we have just seen in Egypt – one hundred thousand people, organized with social networking, and had the power to bring a government down in 17 days. It is not our intent to bring down our government but to get them to listen and save our Country’s economy and the millions of hard working Americans homes when possible.

Our goal would be to have at least 500 people to start but 1,000 would be better. Based on the millions of Americans in this fight currently along with the tens of millions of American Homeowners who are directly affected by the foreclosure crisis, we should be able to gather enough support to have a positive impact

This terrible situation has gone on too long. Many American families have lost their homes to foreclosure or are in the process of doing so – in many cases this does not have to happen. The Obama Administration and Congress has not done all they can to save families and real estate values in our country. We can no longer sit idly by and watch this happen to good people. This mess is also hurting every homeowner in America and the media ignores the situation. Two years is long enough – we must take some kind of action now. It is time to Walk Like The Egyptians. I hope you agree and will join the effort – We Need Change Now!!!