Today in Taking the Lead we talked about getting help for people facing foreclosures. The HUD Secretary Shaun Donovan joined us live and mentioned the Home Ownership Preservation Foundation. You can get in touch with them by calling 1-888-995-HOPE.
To check out the Home Ownership Preservation Foundation website, click here.
And for more information on HUD, click here.
What caused the housing meltdown was corruption by local, state and fedeal officials and with added duplicity of banks and lawyers. Banks hired local assessors and building inspectors to do the same job for them, a conflict of interest. The inspectors and auditots overvalued property which help the realtors and provided added tax revenue for the towns. The inspectors looked the other way to illegal and substandard construction, as in our case. We asked people like Barney Frand and our two US Senators and our AG for help but they went into hiding. We have all the records, letters, e-mails and town and state records to prove all of this but nobody wanted to see the truth.
What I have written has happened across our Country. I estimated that in Massachusetts the cost of the corruption is over 1 Billion dollars.
I suppose that this is what people call too much government in our lives. I have to dissagree. The goverment has to have oversight of Wall Street, the banks and, the housing as well as the insurance companies and the health care. Without this oversight, the American public would be at the mercy of all these entities. We have seen that during the Bush years and, our current president is trying to protect us and, I don't see anything wrong with that. We need protection.
One more comment I have is both the congress and senate remind me of a bunch of three year olds. This constant bickering and negativity must stop.