The mortgage balance reduction program is for the millions of homeowners that want to stay in their homes, make the monthly mortgage payments, and remain productive members of their communities. Reducing the mortgage balance on homes that are 20-80% under-water allows homeowners to stay in their homes.
It is financially irresponsible to remain in a home that is at a 20-80% loss and continue to throw “good money” at a “bad investment”. After Wall Street’s immoral acts requiring a massive bailout just to keep our global economy afloat, there is no longer any moral incentive to stay in an immoral contract. Homeowners all across America are simply walking away.
United Homeowners has a solution--A Private Market Solution. By reducing the mortgage balance of millions of American Homeowners, we stay in our homes and re-invest in homeownership. If the banks and lenders refuse to reduce our mortgages, we will recommend our members undergo a “Strategic default”, and begin a process to walk away from our mortgages as currently structured.
Homeowners Unite! We encourage you to join the United Homeowners, the first organization in the country representing homeowner’s interest. Please sign our online petition to get the banks to negotiate a reduction in the principle amounts of our mortgages to current home values!