Category — Positive Attitude in Tough Times

As some of  you may know, I too am facing mortgage and foreclosure issues. There has been some negative press about this, much of which is inaccurate. In the prevailing spirit of transparency that characterizes our country these days, I’d like to set the record straight about my husband and myself, regarding the potential foreclosure of our home.

First things first though, and this breaks my heart, to date there have been 66,342 foreclosure filings in Nevada this year. There were 16, 266 new foreclosures filed in Nevada last month alone (source here). This means there are a lot of us, honest hard working Nevadans, who are facing this mortgage mess. I’m one of them, and I intend to do everything I can to do something about it (see my 5-point plan below.)

Here’s the background on me and my husband.  We own several properties that represent a lifetime of savings that are currently in danger of foreclosure.  One of these properties facing foreclosure is our cherished primary residence that we call home.  And while we were advised that we would be better served to allow these properties to go into foreclosure, the final determination will not occur until July.  We do not want to take this route.  We made a commitment when we purchased these properties and we are working day and night to uphold those commitments.  In the meantime my husband and I will be working to find a solution.

I think it’s worth noting that the economic downturn has severely affected the cash flow of our real estate holdings.  Because our renters are losing their jobs, we are losing monthly revenue which is making the payments on our investments difficult.  We are responsible citizens and business people trying to keep our residence and rental properties afloat – especially since many of our renters are not in a position to move or relocate given the recession.

As a candidate for Congress, I know that we must do more to alleviate the strain that hard-working Nevadans are facing when it comes to property values and foreclosures.  Unfortunately there are a lot of people just like me.  We have worked hard, played by the rules and are in some ways being overlooked only because we refuse to accept bankruptcy and continue to make our payments to the best of our ability.

Bailout money isn’t flowing to us hard working Americans who are fighting to avoid bankruptcy and foreclosure.  That’s why I am proposing a new five-point plan that will help the countless Nevadans who are facing the same tough times my husband and I are facing.

I also want to call on Dean Heller to break with Republican protocol and work towards a solution to the growing housing crisis in Nevada.  I hope that he will break from the Party of “No” and immediately work with me to improve my Responsible Homeowner Fairness Plan, because this situation affects both parties, rich and poor, rural and suburban.  That’s why I stand ready to work with Heller to find a solution to this problem that is affecting too many good and responsible people.”

Cindy Trigg’s Responsible Homeowners Fairness Plan

 1.) The Responsible Homeowner Fairness Plan would cover those who have consistently paid on their mortgages for the past 3 years.
 
2.) If you have paid your mortgage payments for 3 years straight, the Responsible Homeowner Fairness Plan would implement a 180 day moratorium on foreclosures in order to provide time for the weak housing market to regain its footing. It will also allow the steps taken by the Obama Administration time to take effect.
 
3.) The Responsible Homeowner Fairness Plan would clarify legal liability for mortgage companies that act to help more borrowers stay in their homes. Many mortgage companies are reluctant to restructure mortgages because they are afraid of being sued by the investment banks, private equity firms, and others who actually own the mortgages.
 
4.) The Responsible Homeowner Fairness Plan would re-allocate $30 billion of the Stimulus funding, or 5%, for homeowners who have paid their mortgages rather than going into bankruptcy in communities experiencing heavy foreclosure rates.  The $30 billion would be used to directly help homeowners during the 180 day mortgage moratorium.

5.) A portion of the $30 billion would be used to purchase many homes that ultimately will be lost after the 180 day moratorium in order to be converted into affordable rental housing for those who have entered bankruptcy or faced foreclosure.

(Paid for by Friends of Cindy Trigg for Congress)

Given these tough economic times (thank all who were part of, and supported the Bush administration for the last 8 years… that’s means you Dean!), we must stay focused on places where we can find positive energy to continue the good fight.

These images below came to me the other day, and it’s my hope they bring as much positive pleasure to you as they did me. A smile it seems is always behind the best of attitudes.

(Paid for by Friends of Cindy Trigg for Congress)

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