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Hello, All: <br>
<br>
<br>
The Foreclosure Summit Sept. 15 had roughly 50 people in the
audience, and all indicated an interest in doing more. What do you
suggest we do next regarding foreclosures and related issues? <br>
<div class="moz-forward-container"> <br>
<br>
Might there be interest in meeting to discuss this? If yes,
we could use suggestions for when and where. <br>
<br>
<br>
CJ is asking people to help organize "Foreclosure Town
Halls". There will likely be a major wave of foreclosure activity
before the end of this year; see below. <br>
<br>
<br>
I'm currently working with PACT (People Acting in Community
Together, pactsj.org), but they are currently focused only on the
election. Some of them have expressed interest in foreclosures.
They may have something of their own in that area, but I don't yet
know what. I believe I will learn more after Nov. 6. <br>
<br>
<br>
I plan to try to contact Just Cause-Oakland (cjjc.org) and
Project Sentinel (housing.org). I spoke with them before the
Summit. They seemed interested but not enough to get involved in
the Sept. 15 event. I'm hoping to interest them in helping to
plan a follow-on event. <br>
<br>
<br>
Might it be worth creating an email list for this group?
It's easy to do using Google Groups. If yes, what might be an
appropriate name? <br>
<br>
<br>
There is a Google Group entitled "Communities United Against
Foreclosure and Eviction" (<a moz-do-not-send="true"
href="https://groups.google.com/forum/?hl=en&fromgroups=#%21forum/communities-united-against-foreclosure-and-eviction">https://groups.google.com/forum/?hl=en&fromgroups=#!forum/communities-united-against-foreclosure-and-eviction</a>).
This list had 24 posts in September, some and perhaps all of which
describe activities in Chicago. <br>
<br>
<br>
Thanks, <br>
Spencer <br>
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-------- Original Message --------
<table class="moz-email-headers-table" border="0"
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<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Subject:
</th>
<td>Loan Mods Cancelled En Masse, Foreclosures Ramping UP</td>
</tr>
<tr>
<th align="RIGHT" nowrap="nowrap" valign="BASELINE">Date:
</th>
<td>Sun, 30 Sep 2012 23:43:41 -0500</td>
</tr>
<tr>
<th align="RIGHT" nowrap="nowrap" valign="BASELINE">From:
</th>
<td>CJ Holmes <a moz-do-not-send="true"
class="moz-txt-link-rfc2396E"
href="mailto:cjholmes@cjholmes.com"><cjholmes@cjholmes.com></a></td>
</tr>
<tr>
<th align="RIGHT" nowrap="nowrap" valign="BASELINE">To: </th>
<td>CJ Holmes <a moz-do-not-send="true"
class="moz-txt-link-rfc2396E"
href="mailto:cjholmes@cjholmes.com"><cjholmes@cjholmes.com></a></td>
</tr>
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<p class="MsoNormal">BANK INSIDER NEWS BELOW. [<a
moz-do-not-send="true"
href="http://www.youtube.com/watch?v=Kd42AS45cRc&feature=youtu.be">Foreclosure
Town Halls</a> 1m video, <a moz-do-not-send="true"
href="http://hofj.org/virtualoffice_files/PR-FORECLOSURE%20TOWN%20HALLS.pdf"
target="_blank">Press Release</a>, <a
moz-do-not-send="true"
href="http://kiwi6.com/file/l8a3xlfej2" target="_blank">Radio
Announce</a>]]<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Please forward this news to all county
officials, supervisors, county attorneys, county recorders,
everyone in your address book, all local radio and tv
stations. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Copied below is an email solicitation for
me, CJ Holmes, real estate broker, to sign up for an REO
webinar with <i>absolutely scary news about the
cancellation en masse of loan mods</i>. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">This hit my email on 9/30/12 at 8:14pm:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span
style="color:#943634">Dear CJ,</span><span
style="color:#943634"><o:p></o:p></span></p>
<p><span
style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#943634">Please
make arrangements to attend one of the webinars listed
below. You will be part of a group of select Sonoma cty
real estate professionals who will qualify to apply as an
REO partner for one , or several of the financial
institutions who have been affected by the <span
style="background:yellow;mso-highlight:yellow">recent
cancellation of federal mortgage debt relief programs</span>
. <span style="background:yellow;mso-highlight:yellow">HAMP
has officially cancelled 1 million loan mods, as
foreclosure filings are beginning to surge once again
with the economy heading into the fourth quarter. of
2012</span>. The Treasury Department is reporting that
229,185 permanent mods have already re-defaulted and that
16% of trial mods have quickly gone back into
foreclosure. <span
style="background:yellow;mso-highlight:yellow">These
numbers are expected to rise significantly as the shadow
inventory backlog becomes financially unmanageable for
banks</span>. </span><span style="color:#943634"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#943634">In addition,
the <span style="background:yellow;mso-highlight:yellow">recent
mandate by the administration that Fannie Mae and
Freddie Mac discontinue writing down underwater
mortgages has paved the way for the initiation of a
record number "strategic default" foreclosures</span>.
A documented 1.1 million homeowners have simply "walked
away" from undervalued homes to avoid heavy IRS penalties
that are scheduled to resume January 1, 2013. <br>
<br>
These recent changes in legislation have prompted
increased filings in Sonoma cty. Government controlled
entities like Fannie Mae, Freddie Mac, and HUD, as well as
many of the nation's largest banks <span
style="background:yellow;mso-highlight:yellow">are
scrambling to dispose of REO inventories as quickly as
possible</span>.<br>
</span><br>
It’s news like this that inspires me to do everything
possible to stop foreclosures NOW. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Counties need to immediately eminent
domain ALL securitized loans and foreclosures of securitized
loans and stop the banks from more fraudulently
foreclosing. If we don’t stop the banks, they will
foreclose the rest of the 40,000,000 securitized loans they
have left in this country, and <i>everyone and our economy
will be ruined</i>.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">In the Foreclosure Town Halls, I will
explain exactly how the eminent domain of mortgages can be
done quickly at the county level strictly for public benefit
(not private profit) and immediately halt all foreclosures
on every one of those loans. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">These loans can then be modified (my
suggestion) to 80% loan to market value, with credit given
for the original down payment, 2% interest rate, 30 year
fixed, payments being made to the county. Allowances can be
made (payments deferred) for those that lost jobs until they
become employed again. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">This will keep owners in their homes,
stabilize market values, allow real estate transactions to
return to normal, eliminate the tremendous fear of loss
pervading our economy. It will provide a tremendous
revenue stream for our counties, and combined with a public
bank, will provide all the credit for redevelopment,
infrastructure, and refinancing the county needs without
having to go to private investors.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The vacant foreclosures taken by eminent
domain can provide homes for those that lost homes to
foreclosure, again with loan terms as mentioned above to
these new owners, providing the best restitution possible
for the bank theft of their homes.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Foreclosure Town Halls are taking off
like wildfire – with 3 firm dates, 13 cities seeking venues
and dates, and interest from 5 other states. Get your date
scheduled now. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks, cj<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span
style="font-size:14.0pt;font-family:"Calisto
MT","serif";color:#7030A0">CJ Holmes, </span><span
style="font-family:"Times New
Roman","serif";color:#002060">Founder</span><span
style="font-size:14.0pt;font-family:"Calisto
MT","serif";color:#7030A0"> </span><span
style="font-size:14.0pt;font-family:"Calisto
MT","serif";color:#7030A0"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:#002060">Home Owners
For Justice<br>
</span><span style="font-size:2.0pt;font-family:"Times
New Roman","serif";color:#002060"><br>
</span><i><span
style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#7030A0">The
Most Trusted Name in Real Estate</span></i><span
style="font-size:7.5pt;font-family:"Arial","sans-serif";color:#1F497D"><br>
</span><span style="font-size:9.0pt">Real Estate Analyst,
DRE 01234197<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:8.0pt;font-family:"Times New
Roman","serif";color:#002060"><br>
</span><span style="font-family:"Times New
Roman","serif";color:#002060"><a
moz-do-not-send="true" href="www.HOFJ.org"><span
style="color:blue">www.HOFJ.org</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:10.0pt">(707)
578-5727<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-size:10.0pt">(707)
578-5873 f<o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-size:9.0pt">818
Mendocino Ave<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt">Santa Rosa,
CA 95401<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><img id="Picture_x0020_1"
src="cid:part8.06010202.02020803@prodsyse.com" alt="Inline
image 3" border="0" height="97" width="97"><o:p></o:p></p>
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