NACBA - Mortgage modification legislation update
Posted: Thu Feb 21, 2008 4:53 pm
Please see the attached from NACBA
Hank
Henry M. Toles, J.D., M.B.A.
Henry M. Toles, A Law Corporation
11746 Goshen Avenue, No. 1
Los Angeles, California 90049-6113
Telephone: (310) 479-1400
Facsimile: (310) 575-0343
E-Mail: hmt@toles.org
Of henry@henrysommer.com
Sent: Thursday, February 21, 2008 16:30
To: mass@cwe.nacba.org
Subject: NACBA - Mortgage modification legislation update
We just learned today that Senate Bill 2636 (Harry Reid, D, NV), which
contains a provision that would allow for the modification of home mortgage
loans in bankruptcy, will be up for a vote by the full Senate next week.
We urgently need every NACBA member to contact their two Senators
IMMEDIATELY to urge support of S. 2636, and specifically Title IV of the
legislation, which is the loan modification in bankruptcy provision. Please
be specific in supporting Title IV ...it is the most controversial provision
in the bill and if there isn't enough support for it it will be stripped
out.
Please ask your fellow attorneys, family members, and clients to do the
same. We have been told that this is our best - and perhaps only chance -
to get the bankruptcy remedy through the Senate this year. So, the time to
act is now.
The legislation obviously faces formidable opposition from the mortgage
bankers and their allies. Now is the time that we must demonstrate show
strong constituent support for the legislation.
We are asking that EVERY NACBA MEMBER, no later than 5:00 p.m. EST on
Monday, February 25th, do the following:
1.. Send a fax in support of the legislation to your two Senators at both
their Washington and local offices. HERE IS A SAMPLE LETTER
2.. Call your Senators - both in their DC office and in their local
district office - to urge their support. HERE ARE SOME TALKING POINTS
Reach out to other bankruptcy attorneys in your area to ask them to place
calls and send letters as well.
3.. Let families, friends and clients know about the legislation and
encourage them to make their voices heard with their senators.
For Washington, DC and in-state contact information for your senator, click
here.
We must act now. This is our only opportunity to see this legislation become
a reality. Please contribute to this effort.
If you have any questions or concerns, please contact Maureen Thompson,
NACBA's legislative director. Her email address is
mthompson@hastingsgroup.com and her phone number is (703) 276-3251.
Henry Sommer
President
Please
see the attached from NACBA
Hank
Henry M. Toles, J.D., M.B.A.Henry M. Toles, A Law
Corporation11746 Goshen Avenue, No. 1Los Angeles, California
90049-6113Telephone: (310) 479-1400Facsimile: (310) 575-0343E-Mail:
hmt@toles.org
-----Original Message-----From: mass-bounce@cwe.nacba.org
[mailto:mass-bounce@cwe.nacba.org]On Behalf Of
henry@henrysommer.comSent: Thursday, February 21, 2008
16:30To: mass@cwe.nacba.orgSubject: NACBA - Mortgagemodification legislation update
We just learned today that Senate Bill 2636
(Harry Reid, D, NV), which contains a provision that would allow for the
modification of home mortgage loans in bankruptcy, will be up for a
vote by the full Senate next
week. We urgently need every NACBA member tocontact their two Senators IMMEDIATELY to urge support of S. 2636, and
specifically Title IV of the legislation, which is the loan modification in
bankruptcy provision. Please be specific in supporting Title IV
...it is the most controversial provision in the bill and if there isn't
enough support for it it will be stripped out. Please ask your
fellow attorneys, family members, and clients to do the same.
We have been told that this is our best - and perhaps only chance -
to get the bankruptcy remedy through the Senate this year. So, the
time to act is now. The legislation obviously faces
formidable opposition from the mortgage bankers and their allies. Now is the
time that we must demonstrate show strong constituent support for the
legislation. We are asking that EVERY NACBA MEMBER,
no later than 5:00 p.m. EST on Monday, February 25th, do the
following:
Send a fax in support
of the legislation to your two Senators at both their Washington and local
offices.
The post was migrated from Yahoo.