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Posts Tagged ‘Bankruptcy’

Last week amendment S4980-4984, a bill submitted to prevent mortgage foreclosures and enhance mortgage credit availability, was defeated by this cast of characters. Senator Barbara Boxer had this to say:

Mortgage Modification Amendment Would Have Helped 385,000 California Homeowners Facing Foreclosure

Thursday, April 30, 2009

[Washington, DC – U.S. Senator Barbara Boxer (D-CA) today spoke on the Senate floor in favor of an amendment that would have helped millions of at-risk homeowners avoid foreclosure by allowing bankruptcy judges to modify mortgage terms for primary residences.

Currently, bankruptcy judges are able to modify terms on loans for vacation homes, automobiles and other assets.  The measure, sponsored by Senator Dick Durbin (D-IL), failed by a vote of 45 to 51…]

http://boxer.senate.gov/news/releases/record.cfm?id=312331

So much for the loss of our homes. At the same time, despite our recent rain, we in California (more…)

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Property taxes are used to pay for all the public services we get citizens. They include, but are not limited to:

Universities and other public schools, roads, bridges, state parks, city parks, regional planning, flood abatement, street lights, sewer maintenance, libraries,  busses, mass transit, public swimming pools, the state and local governments,  police, firefighters, social services, hospitals, state and local fairs, etc. The list is endless. The list also represents a wide variety of jobs, paid through state funds, with equal opportunity and health benefits. (more…)

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