$100 million to help Nevada homeowners
As I discussed in my message yesterday, job creation must be our top priority in Nevada. However, we can't expect to turn our economy around without addressing Nevada's foreclosure crisis.
And it is a crisis.
Right now, thousands of Nevada families are in danger of losing their homes, struggling desperately to keep their heads above water, and calling out for help. I want all Nevada homeowners to know, I hear those calls -- and I've been working with President Obama to tackle this crisis head on.
Today, I am thrilled to announce that Nevada will be one of only five states to participate in a new foreclosure rescue program. This much needed relief will bring $100 million dollars into Nevada to help struggling homeowners rework their mortgages and stay in their homes.
This funding will be put right to work. It could provide "bridge loans" to help unemployed homeowners pay the mortgage until they land a job. Or even incentivize lenders to rewrite upside-down mortgages -- when a homeowner owes more than the home is worth.
What's certain is that this initiative is exactly what Nevada needs to provide assistance for thousands of families who desperately are in need of a break as they struggle to keep a roof over their heads. So, I hope you will join me in thanking President Obama for working with me on this crucial issue, and for coming to Henderson to talk with Nevadans today.
Over the past year the Recovery Act brought our economy back from the edge of a cliff, but there is still much work to be done. You can follow updates about my efforts to create jobs and get Nevada's economy moving here on my website, on Twitter, and on Facebook. I hope you'll connect with us online today, because this campaign isn't about me, and it isn't about President Obama -- it's about you.
We still have a long way to go to create many more jobs and turn our economy around, but this important step will protect thousands of Nevada families from being forced from their homes -- and that's definitely good news in tough times.
Thanks for reading, and thank you for all your do for our great state. I'll be in touch soon.
Sincerely,
Harry
$100 million to help Nevada homeowners
As I discussed in my message yesterday, job creation must be our top priority in Nevada. However, we can't expect to turn our economy around without addressing Nevada's foreclosure crisis.
And it is a crisis.
Right now, thousands of Nevada families are in danger of losing their homes, struggling desperately to keep their heads above water, and calling out for help. I want all Nevada homeowners to know, I hear those calls -- and I've been working with President Obama to tackle this crisis head on.
Today, I am thrilled to announce that Nevada will be one of only five states to participate in a new foreclosure rescue program. This much needed relief will bring $100 million dollars into Nevada to help struggling homeowners rework their mortgages and stay in their homes.
This funding will be put right to work. It could provide "bridge loans" to help unemployed homeowners pay the mortgage until they land a job. Or even incentivize lenders to rewrite upside-down mortgages -- when a homeowner owes more than the home is worth.
What's certain is that this initiative is exactly what Nevada needs to provide assistance for thousands of families who desperately are in need of a break as they struggle to keep a roof over their heads. So, I hope you will join me in thanking President Obama for working with me on this crucial issue, and for coming to Henderson to talk with Nevadans today.
Over the past year the Recovery Act brought our economy back from the edge of a cliff, but there is still much work to be done. You can follow updates about my efforts to create jobs and get Nevada's economy moving here on my website, on Twitter, and on Facebook. I hope you'll connect with us online today, because this campaign isn't about me, and it isn't about President Obama -- it's about you.
We still have a long way to go to create many more jobs and turn our economy around, but this important step will protect thousands of Nevada families from being forced from their homes -- and that's definitely good news in tough times.
Thanks for reading, and thank you for all your do for our great state. I'll be in touch soon.
Sincerely,
Harry
