Give families a chance - support a 90-day moratorium on foreclosures.
Recently, several of the country's largest mortgage companies have announced that they are implementing a 90-day moratorium on foreclosures.
This is good news for families. The moratorium will allow them to stay in their homes and have time to work out an affordable loan modification with their mortgage lenders.
The bad news: not all lenders have instituted the moratorium. ACORN believes that a moratorium combined with a commitment by lenders to work with homeowners on affordable terms are critical first steps to help families survive the economic crisis. If we can stabilize families in their homes, we can begin to address the egregious predatory lending practices that have put communities in crisis in the first place.
Please join us - sign the petition below. This petition asks lenders who have instated a 90-day foreclosure moratorium to use this time to work out affordable loan modifications for homeowners. It also asks lenders who have not agreed to a moratorium to join with those who have in taking this important step to solving the foreclosure crisis.
