February 5, 2009
Unless you’ve been living a very sheltered life, you’ll agree the foreclosure situation in this country has reached disgracefull levels. The lack of controls on the foreclosure process is simply unacceptable! A lending institution files the foreclosure and the process wanders it’s way through the system until the home owners are evicted. NO court appearances takes place unless the owners file a response to the foreclosure proceedings. ALL foreclosure proceedings are to require court appearances! Stop the rubber stamp foreclosure process.
Just in case loosing your home to foreclosure isn’t bad enough, in January of the next year, the homeowner will recieve a 1099 from the lending institute identifying the “Taxable” amount of loosing their home. Why is congress accepting this position and behaviour from the IRS? Treating the amount of the mortgage that you didn’t pay as taxable income is absurd, and unacceptable.
When is congress going to address the actual issues destroying the fabric of this country?
Again, get control of the IRS and represent the people who elected you, not the banking industry.
We The People,