Issue Position: Foreclosures

Issue Position

Add full power to impose modification of mortgages on a primary residence to the bankruptcy court's jurisdiction ; support the 2009 Dick Durbin Amendment to allow use of Bankruptcy to protect consumers in foreclosure.

Phase in allowing REO rentals; expand the FHFA "deed for lease" program and implement a lease-to-own program

Allow, encourage, require all foreclosing lenders to negotiate a post-foreclosure continuing tenancy agreement for homeowners losing their homes to foreclosure.

Allow, encourage, require foreclosing lenders to extend to persons losing their
home in foreclosure first right of refusal on any subsequent sale of that home

Develop and fund an FHA-like program for home purchases by persons who have suffered foreclosures or short sales because of failures to bargain in good faith by lenders such as Bank of America.

Exclude home mortgage foreclosures from FICO scores, credit reports, and mortgage aps.

Get serious about curing homelessness.

Investigate whether or not USDA Rural Housing Centralized Servicing Center is properly handling requests for financial assistance on mortgages owed by persons in financial distress and fix the problem if there is one; investigate whether or not disabled persons are being denied rural housing Repair/Rehab funds routinely granted the elderly and fix the problem if there is one;

Prohibit gift card fees and expiration

Require that any agency using debit cards to pay benefits pay all debit card fees that would otherwise be imposed on the beneficiary

Prohibit expiration of pre-paid cell phone minutes

Consider, Student debt? Either the entity that holds the debt finds you a decent job, or else treat student debt like any other debt in bankruptcy / forgive student debt for STEM graduates at the time they receive their diplomas

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