Homeowners 4 Hope Foundation formed to Combat Bank’s lack of Commitment to Loan Modification

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 12, 2009 --

The Obama administration on last week released what it said will be a monthly report card on efforts to keep Americans from losing their homes to foreclosure. What it shows is that things are off to a slow start. Under the administration’s Making Home Affordable loan modification program, just 9 percent of borrowers, or 230,000 trial modifications, have begun out of the 400,000 loan modification offers that have been extended. The administration is far, far off from its goal of helping 7+ million families avoid foreclosure and banks are finding that it is better to foreclose than extend the trial loan modifications. It is time for individuals to organize and bring collective pressure on Banks and our government.

Homeowners 4 Hope Foundation was formed last month by Dave Van Waldick, Dave Callender and Troy Huerta, to voice the frustrations, anger, and fear of the millions of Americans in foreclosure at risk of losing they homes in the next 6-12 months, while the big 4 banks (Band of America, Wells Fargo, Chase, and Citi) do nothing meaningful to modify loans or stop foreclosures.

Dave Callender, homeowner said, “We are gathering under our First Amendment Rights next Friday morning at 11:00, down town San Diego on Broadway to organize and protest in support of homeowners. We are expecting between 20-100 people. “

“We are tired of the stalling, stupidity, intimidation nasty calls and posting notices on our doors, and throwing families out of their homes. We are fed up with the arrogance of the major banks who we have given $120B to, and the sheer ineptness of government to force them to act swiftly and with a community mindset. “ says Dave Van Waldick, homeowner and 25 year Mortgage and Real Estate industry professional. “Our goals are simple: Create enough public awareness and media attention to get the major banks and state and federal government to sit up and take notice of our frustrations.

Homeowners 4 Hope Foundation has two simple goals:

1. Bank and the government should create immediate procedures that to stop foreclosures, and provide meaningful homeowner Loan Modifications in a reasonable time frame like 90 days or less. (See our web site at www.homeowners4hope.org )

2. Restore homeowners mortgage related credit to zero lates and re-run credit scores immediately to improve their ability to get normal credit or buy a home.

Troy Huerta, Real Estate Consultant said, “ I have become an expert in Short Sales, but a stable, healthy real estate market is in the best interest for all. I will be happy when I am not helping a single homeowner avoid foreclosure with a negotiated Short Sale.”

Homeowners 4 Hope Foundation and its website (homeowners4hope.org) has been formed to bring a voice to all homeowners who are seeking support for their Loan Modification efforts. Our goal is for us to ally, organize, and pressure banks to provide the Loan Modification relief they committed to by receiving Federal Funding these difficult times

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