Foreclosure Plan Doing Little to Help

April 8th, 2009

The government’s plan to buy up, repair and sell distressed properties to poor and middle-income buyers is frozen in red tape and policy debate among local officials, The Atlanta Journal-Constitution reports. The Neighborhood Stabilization Program, introduced last July, was designed as a rapid response to escalating foreclosures by injecting billions in emergency aid to local governments. But, as in the case of Atlanta, which has one of the nation’s worst foreclosure rates, local officials say the first property will not get bought and the first auction will not even take place until June. And don’t expect any notable results until late summer, at the earliest, the newspaper reports. But community leaders say that foreclosures are spreading like a brush fire, scarring once-beautiful neighborhoods with abandoned homes – and there’s no end in sight. Between July and December 2008, home sales dipped an astounding 16 percent in Metro Atlanta’s five core urban counties, according to a study by the Dirty Truth Campaign, a local nonprofit group. “We wish things would move faster,” said Robert Welsh, of Dirty Truth, which tracks the effects of foreclosure in Pittsburg, Sylvan Hills and other southwest Atlanta neighborhoods. “It’s a big problem, but at this point, we’ve got to roll with what they have going.”

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Posts about Foreclosures as of April 8, 2009 Said on

[...] Dont get discouraged if you have had a bankruptcy or been through a foreclosure. You can still Foreclosure Plan Doing Little to Help – blogs.bet.com 04/08/2009 The government’s plan to buy up, repair and sell distressed properties [...]



fefe Said on

They are trying to foreclose my Section 8 crackhouse.



fefe Said on

Do dis plan pay rent-a-center fo me? i need to get paid obama .



mighty whitey Said on

For all you people on here I have changed my name to Mighty Little Wee Wee Whitey!! thats goes double to David and Bubba long your Big Beefy Black Lover!!



Kirk C. Odems Said on

1st of all, everyone knows that the racist george(example of white affirmative action)bush’s regime, republicans, wall street corporate thieves, & amerikkkan greed are all causes of the failing economy, especially the housing market, foreclosure crisis. 2ndly, I’m glad that President Barack Obama is in the Oval Office, & is trying to do something about the foreclosure problem, however there is a flaw with his plan. That flaw is that his program includes FHA or Fannie Mae & Freddie Mac Mortgages only, & not the smaller companies, i.e. American Servicing Company & Select Portfolio Servicing, which alot of home owners are indebted to. These smaller companies unlike big lenders(Country Wide, Sun Trust, Wells Fargo) don’t deal with FHA Loans, thus it will be harder for home owners with these type of lenders, to be approved for a loan modification. Bottom line, President Barack Obama should end the immoral wars in Iraq & Afghanistan, which not only save this country billions of dollars, but more importantly save LIVES!! As for those idiots who’s comments are childish, & uneducated, my response to them is that they should repeat kindegarten.



Minister C.J. Di Donna Said on

The following is my letter that was published in The Queens Tribune
on 3/26/09

DEEP-SIX THE FED

Why don’t our democratic representatives of both Houses on the Hill in Washington D.C., put forth a referendum that either the FED is morphed (since both political parties are terrified any time someone utters the word Nationalization) into a government agency where at least the general public will have a voice in the decision making of the FED through their elected representatives or public advocate’s (elected by the people in a special election because of the severity of the foreclosure crisis) where they will have equal seats and voting power on the Federal Reserve Board.
As it stands now, the Federal Reserve Board cares only of bailing out the CEO’s of Wall Street and the banks.
Not the thousands of American families (that ACORN is doing their best to help) with children, the elderly and pets that will be left homeless due to the foreclosure of their primary homes.
Enough of bailing out Wall Street and the banks with our money from the FED and we have no say in it nor do the financial aristocrats at Wall street and the banks need to disclose to anyone (including Congress or the U.S. Senate) where this money is going. It’s time that we deep-six the FED for the sake of the working class people of our nation.



Minister C.J. Di Donna Said on

Let me count the way’s of President Barack Obama’s Progress on economics.
Recently, 375 foreclosed homes have been auctioned off with starting bids of $69,000 and discounts of 60 % or more were given to the vulture’s
(i.e. buyer’s) at the Jacob Javits Center in NYC. I confronted one of these vulture’s (a kid in his mid 20’s) who said “he didn’t care about the family who had just lost their home to foreclosure who were standing not 10 feet away from us when I reminded him that the mother of a soldier killed in Afghanistan was also about to lose her primary home to foreclosure, when the coward walked away from me in a huff and I yelled back at him that he was young enough to go join the army and take this soldiers place in Afghanistan.
Hundred of billion’s (projected to go into the Trillion’s) of Federal bail-out tax money have and continue to be injected into the vaults of these same bank’s and lending institutions that created the subprime mortgage mess because of greed and are now forcing hard working American families and their children (including their pets) out of their primary homes into the streets of America, over crowded homeless shelter’s and tent cities that are sprouting up throughout the USA etc. It’s a travesty of justice. I quess that’s what The President meant when he told these same people and their families that helped this bum get elected into the highest office of our nation by repeating the drone-like mantra at his rally’s “The Change You Can Believe In”!



Minister C.J. Di Donna Said on

Perhap’s the first lady Mrs. Michelle Obama could make her rounds around the country and teach those American families living in Tent Citie’s (because her husband, the Man of “Change That They Could Believe In” has done nothing to stop the bail-out bank’s from evicting these American families with children, the elderly, including their precious pet’s from losing their home’s due to foreclosure) and give them tip’s on how to renovate the inside of the tent’s and while she’s at it, show these people how to grow their own vegetable’s outside the tent. The President of “Yes We Can”! Barack Obama has turned out to be a puppet for Wall Street & the Bank’s.



David Said on

Minister C.J.DiDonna you just a jack leg PIMP FROM THE PULPIT!



Minister C.J. Di Donna Said on

David: If anyone is a pimp. It’s our President Barack Obama when he stood behind his pulpit using the same phrases (such as those used by Rev. Jeremiah Wright) to whip up the audience at his rally’s
and It’s quite obvious to me that you completely ignored the Caption on this page which state’s:
” Foreclosure (i.e. The Obama Administration) Plan Doing Little to Help”
That (unlike you who mention’s nothing about the article) except to call me name’s.
I responded to it in a sarcastic (i.e. criticism) of the President and his wife who has children of her own and in my opinion should know what these familie’s are going through and be the driving force (much like Eleanor Roosevelt was during the depression with her husband to help the poor etc)
instead of the “real estate magnate” (who got Mr. Obama to where he is today) former “CEO Valerie Jarret” who is a top senior adviser to President Obama.
In my opinion, our President should have picked someone from The ACORN organization. If he had. We would not be reading head-line’s like “Foreclosure (i.e. The Obama Administration) Plan Doing Little to Help”



Minister C.J. Di Donna Said on

May everyone in this forum (including President Obama and his family) have a Blessed, Holy and Joyous Easter (Resurrection Sunday) Holiday!



David Said on

Minister C.J. Di Donna ,

It’s to late to pretend you have compassion your heart is black and you a phony. What kinda jack leg, jack leg preacher posts negative comments on a blog against the President anyway. Where you preaching from you living room with your kids as your congregation or something. My cousin did that she also was pregnant for 2 years too. in her mind.

“Be quick to listen, slow to speak and slow to become angry for man’s anger does not bring about the righteous life that God desires.”
James 1:19 -20

did you forget that part of the bible Rev. lol



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