A Hardship Letter to Countrywide - Family on the Brink of Disaster

The last week of October, I ran an article about the governments lack of any significant efforts to stop the tsunami of foreclosures that are supposedly responsible for the current economic crisis, entitled No hope for Homeowners: Foreclosure Prevention Program Falters, which explored evidence the government seems determined to merely pay lip service to the foreclosure problem, while letting another million-plus families linger in a state of insecurity and despair as they rapidly approach foreclosure.

Many people these days are quick to peg people under the threat of foreclosure as being irresponsible, overly-optimistic, or just plain greedy - assuming everyone tried to buy too much house for too little down in the hopes they might be the next Donald TrumpDonald Trump.

The truth is that the majority of homeowners facing foreclosure were not investors, or property flippers, looking for an easy buck. And those that did get in over their head did so at the advice and urging of

One reader - who we will call “Kitty” - has volunteered her to share her story, recounting the chain of events that has thrust her family from the comfort middle-class security to the

“Kitty’s” story demonstrates the very precarious nature of America’s middle class, especially in the face of a contracting economy, increased competition from overseas, and a government determined to drive it to into extinction.

Read ‘Kitty’s” story and be warned that this could easily happen to any of us, and sooner than we could ever imagine.

How many paychecks, illnesses and credit rating hits are you from being kicked out of your home and onto the streets?

How secure is your place in the middleclass?

“Kitty” is actively seeking assistance in her efforts to avoid foreclosure, and she and her family are running out of time.

If you are in the position to help “Kitty”

If you can not help “Kitty” yourself, please post or pass on this article - the more people who see it, the more likely we can help.

If we can not find some help for “Kitty” this week (first week of November, 2008) they may find themselves on the street for Thanksgiving.

I will keep you updated on “Kitty’s” situation.

Thank you, and have the Happiest of Holidays.

Anthony

“Kitty’s” Hardship Letter to Countrywide:

http://yourmortgageoryourlife.wordpress.com/2008/11/04/a-hardship-letter-to-countrywide-family-on-the-brink-of-disaster/