VOTE YES on HF2604/SF2242 : Foreclsore Moratorium Call you State Senators and Reps

[annm4peace]

VOTE YES on HF2604/SF2242
“Foreclosure Moratorium, Neighborhood Stabilization & Tenant Protection Bill.”

A vote for the bill to put a Moratorium on Foreclosures and stop foreclosure-related evictions is a vote to keep Minnesotans in their homes.

A vote against HF2604/SF2242 is a vote to support the rich greedy banks, many who received billions and are doing nothing to support Minnesotans in this time of economic crisis.

Our foreclosure moratorium bill will be getting its first Senate vote on Wednesday!
Please call the DFL Senators on the committee (see list below). We especially need the undeclared DFL Senators to hear from their constituents!

Doll--Burnsville;
Erickson-Ropes--Winona;
Lynch—Rochester;
Praettner-Solon—Duluth)


Please spread the word!

Wednesday,
February 24, 2010 12:30 p.m.
Room 15 Capitol
Committee on Health, Housing and Family Security
Chair: Sen. John Marty

S.F. 2242 Dibble Tenants mortgage foreclosure proceedings stay allowance;
foreclosure moratorium and tenants rights.
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Call these DFL
Senators and urge them to "Vote yes on SF 2242, the bill that puts a moratorium on foreclosures and that also preserves rental property." Please especially call the Senators with asterisks as it is unconfirmed that they will vote yes. (talking points below and attached)
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FYI, there are three committee members who are authors of our bill. If you wan to call them and thank them for signing on, cool:
Linda Berglin 61 DFL 651- 296-4261

Linda Higgins 58 DFL 651- 296-9246

John Marty 54 DFL 651- 296-5645
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Minnesota Legislators:
STOP Foreclosures and Evictions!
VOTE for the PEOPLE of Minnesota, NOT for the BANKS!

VOTE YES on
HF2604/SF2242
“Foreclosure Moratorium, Neighborhood Stabilization & Tenant
Protection Bill.”

What this bill does:

For Homeowners: The bill putsa two-year moratorium on foreclosures.
The intention is for the bill to affect only owner-occupied properties.
Homeowners are required to pay either their current payment or 41% of their income during the moratorium.

For Renters: The bill lets renters stay in their homes, paying a fair market rent
(ie, their current rent) to the forecloser.

Some common-sense reasons to pass this bill in 2010: Save our homes.
Many banks are stonewalling as people try to make adjustments to their mortgages.

The programs we hear about that are supposed to help people help only a small fraction; these programs need major reform at the federal level.
We need something to make these banks come to the table and truly negotiate in good faith.

Until the feds (or the state) can make those changes, we need a moratorium so people and banks have time to get together to work out a deal that benefits everyone.

Note that this bill is not a “free ride.” Homeowners have to pay up to 41% of their income to the banks as both parties work to come together for a new arrangement.



Protect innocent renters.

Renters need the option of keeping their existing tenancy in effect.
Despite current laws, many renters don’t even know their landlords are getting foreclosed on; they have been paying rent, assuming it was going to the mortgage.

There are also cases where “landlords” take the security deposit and disappear!

Let renters stay in their homes, paying a fair market rent to the forecloser.

This bill still allows renters to be evicted only "for cause," like not paying the rent or damaging the property.

Save our neighborhoods.

When houses (or apartments) go empty, everyone suffers.
Housing values go down and there are health and safety issues.
Empty houses turn into trashed houses. Lower property values mean less money for local governments. Stable neighborhoods are safer, healthier neighborhoods.
Keep people housed, keep properties maintained, and even keep some money going to the lender.

Don’t make the state budget deficit worse:
Because of the current economic crisis, home stability is more important
than ever.
Homeless families cost cities, counties and the state money.
This is not just about homeowners losing their homes -- there is a trend of the unemployed taking refuge in the homes of friends and family, for the short or long-term.
The bottom line is empty houses mean more money needed for city services, health care, social services…there are countless costs (both financial and social) that arise from foreclosure.

[azurnoir]

1. how do I find out where my reps are on this?

they would be cy thao and sandra pappas

[annm4peace]

2. I would call and ask their office

[annm4peace]

3. I called my Senator Torres Ray

but only able to leave a vm, I still don't know if she supports the moratorium.

I hope she does.