As a homeowner and father in the district, I know the value of a home can't be measured in dollars and cents alone. I hear heart-wrenching stories from people worried about being able to make their mortgage or rent payment, particularly from those who have been laid off a job or had their hours cut. I hear concerns daily from people upside down on their mortgage because the value of their home has plummeted. Everyone in the area is affected when someone loses a home. I understand that to stabilize our housing market and increase home values, we must continue to work to reduce the number of foreclosures.
It is critical that we closely monitor and improve upon efforts made over the past few years to stabilize our housing market. Last session, I voted to help bring lenders and borrowers together to determine if something can be worked out to keep people in their homes. I also supported legislation to crack down on foreclosure scams and unscrupulous lenders, as well as to provide protections to renters in foreclosed homes.