WOOOOOOOOOOOOOOOOOOOOOOOOOOTZ!
OKAY, First off I want to say I have NO intention of getting behind on our mortgage. As I have noted before we always make it in on time. I am even hopeful that if and when the economy recovers, and when OT picks up for Kev, and when I recuperate myself, we will even be able to get back to sending in extra each month like we used to, BUT, at the moment...
We live in Ga., which is not one of the 23 states that media has reported many banks have halted foreclosures in. Our state and a few others, actually allow foreclosure proceedings to begin after missing only one month. 15 days grace means 15 day grace. The past year, between battling cancer and dealing with rising costs of living, and falling overtime opportunities for my hard working blue color husband, I admit it has been rough. There have been plenty of times we have worried that this would be the month we were short for one of the mortgages (yes we have 2). But... Cast your cares upon the Lord:)
So, anyway The announcement about the 23 states was good news, but no help to us though.
I posted yesterday I was pleased with the President's decision to use his Veto powers. Well, today I can feel the change it brought about:)
Bank of America has announced ALL Foreclosure Proceedings Halted in ALL 50 States. Hurray. The bill President Obama pocket vetoed, also known as the “Interstate Recognition of Notarizations (IRON) Act was written by Rep. Robert Aderholt, R-Al. This is A bill which by the way passed the Senate with unanimous consent and zero commentary by major media.
A bill that now that it has been stopped, we may see a number of things coming into the light, if Bank of America's move is any indication.
I have always said things are kept hidden until they cannot be hidden any longer.
I believe what will unfold in the near future is we will find out that the IRON act was for all intents and purposes "put in to effect" at some point between its introduction in 2005 and the mortgage crisis hitting the news. In other words Before it was a Law. Now, since the act did not pass there is going to be an awful lot of paperwork that is going to need clarification.
All I know is it is an immense weight off our shoulders, to know that we have time for things to get better, time that we will not have to be stressing AS much about losing our home. I am sure sighs went out across many homes in America today:)
Showing posts with label President Obama. Show all posts
Showing posts with label President Obama. Show all posts
Friday, October 8, 2010
Thursday, October 7, 2010
President Obama Did Something Today That I Agree With:)
I was raised in the era of the School House Rock cartoons and those little truly educational jingles still readily come to mind. Conjunction Junction, The Preamble to our Constitution, and among others my favorite How A Bill Becomes A Law.
Boy:
Woof! You sure gotta climb a lot of steps to get to this Capitol Building here in Washington. But I wonder who that sad little scrap of paper is?
Bill:
I'm just a bill.
Yes, I'm only a bill.
And I'm sitting here on Capitol Hill.
Well, it's a long, long journey
To the capital city.
It's a long, long wait
While I'm sitting in committee,
But I know I'll be a law someday
At least I hope and pray that I will,
But today I am still just a bill.
Boy: Gee, Bill, you certainly have a lot of patience and courage.
Bill: Well I got this far. When I started, I wasn't even a bill, I was just an idea. Some folks back home decided they wanted a law passed, so they called their local Congressman and he said, "You're right, there oughta be a law." Then he sat down and wrote me out and introduced me to Congress. And I became a bill, and I'll remain a bill until they decide to make me a law.
I'm just a bill
Yes I'm only a bill,
And I got as far as Capitol Hill.
Well, now I'm stuck in committee
And I'll sit here and wait
While a few key Congressmen discuss and debate
Whether they should let me be a law.
How I hope and pray that they will,
But today I am still just a bill.
Boy: Listen to those congressmen arguing! Is all that discussion and debate about you?
Bill: Yeah, I'm one of the lucky ones. Most bills never even get this far. I hope they decide to report on me favourably, otherwise I may die.
Boy: Die?
Bill: Yeah, die in committee. Oooh, but it looks like I'm gonna live! Now I go to the House of Representatives, and they vote on me.
Boy: If they vote yes, what happens?
Bill: Then I go to the Senate and the whole thing starts all over again.
Boy: Oh no!
Bill: Oh yes!
I'm just a bill
Yes, I'm only a bill
And if they vote for me on Capitol Hill
Well, then I'm off to the White House
Where I'll wait in a line
With a lot of other bills
For the president to sign
And if he signs me, then I'll be a law.
How I hope and pray that he will,
But today I am still just a bill.
Boy: You mean even if the whole Congress says you should be a law, the president can still say no?
Bill: Yes, that's called a veto. If the President vetoes me, I have to go back to Congress and they vote on me again, and by that time you're so old...
Boy: By that time it's very unlikely that you'll become a law. It's not easy to become a law, is it?
Bill: No!
But how I hope and I pray that I will,
But today I am still just a bill.
Congressman: He signed you, Bill! Now you're a law!
Bill: Oh yes!!! (http://www.schoolhouserock.tv/Bill.html)
According to the complete article by FOX network President Obama has made use of a little known loophole called A "pocket veto" to stop passage of the latest in a long line of outrageous and damaging legislative acts that Congress has forced upon the American people. While I have not been overly impressed of late with our President's performance, IF he sticks by this move he will have re-gained a modicum of my support.
We are all well aware of the current mortgage meltdown. Whichever side of the fence you sit on, whether you feel people bought in to more house than they could afford and it is their own fault, or you feel that the economy is truly that bad, one thing is very clear, Corruption plays a role. There is more than enough corruption happening within the Mortgage industry without GIVING them even easier ways to hide the money and their crooked business practices . Currently 23 states have suspended foreclosures because of inaccurate, incomplete and at times non existent paperwork and documentation.
HOW, I mean SERIOUSLY, how could our Senators, our Congress possibly try to pass a bill that would allow mortgage companies among other little perks to be able to mass produce documents and affix a digital version of a notary's seal rather than the true seal of proof? You know with REAL hand signed signatures on one contractual paper. This would have been just another mistake, another move fueled by personal greed, that instead of helping homeowners would hurt them.
Supporters of the bill are claiming that President Obama can't use the pocket veto tactic because the Senate would need to be adjourned, and technically they are not yet. I say The Pres can VETO ANYTIME, and I hope he sticks with this one. While he's at it I would love to have him take a good look at few other new laws and regulations on the books.
Boy:
Woof! You sure gotta climb a lot of steps to get to this Capitol Building here in Washington. But I wonder who that sad little scrap of paper is?
Bill:
I'm just a bill.
Yes, I'm only a bill.
And I'm sitting here on Capitol Hill.
Well, it's a long, long journey
To the capital city.
It's a long, long wait
While I'm sitting in committee,
But I know I'll be a law someday
At least I hope and pray that I will,
But today I am still just a bill.
Boy: Gee, Bill, you certainly have a lot of patience and courage.
Bill: Well I got this far. When I started, I wasn't even a bill, I was just an idea. Some folks back home decided they wanted a law passed, so they called their local Congressman and he said, "You're right, there oughta be a law." Then he sat down and wrote me out and introduced me to Congress. And I became a bill, and I'll remain a bill until they decide to make me a law.
I'm just a bill
Yes I'm only a bill,
And I got as far as Capitol Hill.
Well, now I'm stuck in committee
And I'll sit here and wait
While a few key Congressmen discuss and debate
Whether they should let me be a law.
How I hope and pray that they will,
But today I am still just a bill.
Boy: Listen to those congressmen arguing! Is all that discussion and debate about you?
Bill: Yeah, I'm one of the lucky ones. Most bills never even get this far. I hope they decide to report on me favourably, otherwise I may die.
Boy: Die?
Bill: Yeah, die in committee. Oooh, but it looks like I'm gonna live! Now I go to the House of Representatives, and they vote on me.
Boy: If they vote yes, what happens?
Bill: Then I go to the Senate and the whole thing starts all over again.
Boy: Oh no!
Bill: Oh yes!
I'm just a bill
Yes, I'm only a bill
And if they vote for me on Capitol Hill
Well, then I'm off to the White House
Where I'll wait in a line
With a lot of other bills
For the president to sign
And if he signs me, then I'll be a law.
How I hope and pray that he will,
But today I am still just a bill.
Boy: You mean even if the whole Congress says you should be a law, the president can still say no?
Bill: Yes, that's called a veto. If the President vetoes me, I have to go back to Congress and they vote on me again, and by that time you're so old...
Boy: By that time it's very unlikely that you'll become a law. It's not easy to become a law, is it?
Bill: No!
But how I hope and I pray that I will,
But today I am still just a bill.
Congressman: He signed you, Bill! Now you're a law!
Bill: Oh yes!!! (http://www.schoolhouserock.tv/Bill.html)
According to the complete article by FOX network President Obama has made use of a little known loophole called A "pocket veto" to stop passage of the latest in a long line of outrageous and damaging legislative acts that Congress has forced upon the American people. While I have not been overly impressed of late with our President's performance, IF he sticks by this move he will have re-gained a modicum of my support.
We are all well aware of the current mortgage meltdown. Whichever side of the fence you sit on, whether you feel people bought in to more house than they could afford and it is their own fault, or you feel that the economy is truly that bad, one thing is very clear, Corruption plays a role. There is more than enough corruption happening within the Mortgage industry without GIVING them even easier ways to hide the money and their crooked business practices . Currently 23 states have suspended foreclosures because of inaccurate, incomplete and at times non existent paperwork and documentation.
HOW, I mean SERIOUSLY, how could our Senators, our Congress possibly try to pass a bill that would allow mortgage companies among other little perks to be able to mass produce documents and affix a digital version of a notary's seal rather than the true seal of proof? You know with REAL hand signed signatures on one contractual paper. This would have been just another mistake, another move fueled by personal greed, that instead of helping homeowners would hurt them.
Supporters of the bill are claiming that President Obama can't use the pocket veto tactic because the Senate would need to be adjourned, and technically they are not yet. I say The Pres can VETO ANYTIME, and I hope he sticks with this one. While he's at it I would love to have him take a good look at few other new laws and regulations on the books.
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