Senator Durbin got back to me via the post. This is an excerpt of his letter:
Dear Woodlawn Wonder:
Thank you for your message. I appreciate hearing from you and share your concerns about the housing crisis and its impact on our nation and communities throughout Illinois. Enclosed please find a list of HUD approved counseling agencies that may be able to help you refinance your mortgage and keep your home. Also included are phone numbers for local helplines that may be able to aid you as well.
Obviously I didn't make myself clear. So I composed another letter.
Thank you for your October 16th response.
Unfortunately it did not address my concern that the HAMP program does not cover home owners who are ahead in their mortgages and may fall behind in their payments due to unemployment.
Even the Congressional Oversight Panel states that "HAMP was not designed to address foreclosures caused by unemployment, which now appears to be a central cause of nonpayment, further limiting the scope of the program."
While I appreciate the supporting documentation, lists of HUD approved counselors will not address my situation.
What will address my situation is the Treasury Department expanding the HAMP program to consider unemployment. I fail to understand why I'm being punished for not being underwater with my mortgage and unemployed.
It seems had I purchased more home than I could afford or mortgaged it to the hilt, I would qualify for the program.
While the automobile and banking industries are "too big to fail" apparently the American homeowner is not.
Since you chair the subcommittee on Financial Services and General Government why can't you bring this rapidly escalating issue to the attention of the Treasury Department? Senator Durbin most unemployed Americans don't have another six months for the government to act on this issue.
Where's our bailout?
The Woodlawn Wonder
Ladies and gentlemen, we are adrift and on our own. Our lawmakers are completely and utterly clueless.
By the time they "get it" we'll all be in a shelter.