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I think what these videos show are banks and lenders seemingly not working with people in any constructive way to save their homes.  It is haphazard at best.  It also show people not so much plagued by terribly bad decisions but by reasonable risks except for the economy leading them to unemployment of underemployment.  These are people overcome by and large by the intolerance of large financial institutions that tell Congress one thing and do another.  Namely, that they are working with people to modify mortgages and they are not except as it as it suits their needs to keep inventories of foreclosed homes lower or some such reason.  These people express their fears and sorrows in a real sense, but what this pain represents is a complete lack of adequate due process.  What is needed, and needed now, is an independent arbiter that is not there just to enforce laws written for the benefit of the mega lenders.  That would be the bankruptcy courts.  We need to rewrite our laws now to allow bankruptcy judges to modify mortgages to limit these kinds of personal tragedies from happening.

The statistics are daunting.  Currently, over 6,600 American families a day are going through what you see on these videos, and they are losing their homes to foreclosure.  In the next five years over 8 million families will lose their homes to foreclosure.  Bankruptcy reform to allow the adjustment of mortgages costs the taxpayers nothing, unlike the huge trillion dollar bailouts to these financial institutions.

You need to go online, get the phone number and email address of your United States Senators, contact them and tell them to support Senate Bil 61 - Helping Families Save Their Homes in Bankruptcy Act of 2009.  You need to do it now.

If you need a portal to do this easily, you can call you senator through a toll free number provided by NACBA at 877-354-4958, or you may email them by clicking on this NACBA SITE.

You really can stop much of this suffering.  You need to do it now.

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