Letter to Barack Obama, President of the United States - Greater Action in Addressing Foreclosure Crisis

Letter

Congresswoman Dina Titus sent a letter to President Obama today to again call his attention to the foreclosure crisis and its devastating effects on Southern Nevadans. Titus wrote to President Obama last month, and will continue to highlight the challenges her constituents face until further action is taken to assist communities in the hardest hit areas.

Below is the text of the letter.

February 12, 2010

The Honorable Barack Obama
President of the United States
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear President Obama,

On January 12, I wrote to you to express my frustration regarding the lack of attention your Administration has paid to the housing challenges in Southern Nevada and other areas of the country that have been most affected by the foreclosure crisis.

Since I wrote to you there have been approximately 7,100 formal notices of default filed in Clark County, Nevada. This staggering number of foreclosures has been consistent since the beginning of the housing crisis and is not expected to decline in the near future.

When I began my term in Congress just over a year ago, I was determined to help families in Southern Nevada avoid foreclosure and stay in their homes. I made finding solutions for the foreclosure crisis the top priority of my Congressional office. I was encouraged by your administration's promise to help 7 to 9 million homeowners throughout the country who are making good faith efforts to save their homes. In the past year, however, the Department of the Treasury has significantly reduced this projection.

As I wrote last month, I am convinced that the program currently in place will not help homeowners in Southern Nevada and other places that have been hit hardest by this downturn. My office was one of the first Congressional offices to work directly with homeowners to help them connect with their lenders with hopes of reworking their mortgages in a way that will allow them to continue making payments and avoid foreclosure. Through this casework, I have seen firsthand problems with the Making Home Affordable program that I believe are preventing long term, sustainable success. The majority of these problems stem from lenders' reluctance to fully engage in the program. Paperwork is often misplaced and many cases are declined without adequate explanation. More must be done to require lenders and servicers to fully engage in the process.

I look forward to working with you directly on this important issue and helping families in Southern Nevada avoid foreclosure.

Sincerely,

Dina Titus
Member of Congress

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