Libertarian
Libertarian Association of Massachusetts
Libertarian Association of Massachusetts
Standing for the Average American
Robert Underwood For State Representative
Ninth Hampden District
Ninth Hampden District
Robert Underwood
83 Cherrelyn St.
Springfield, MA 01104
83 Cherrelyn St.
Springfield, MA 01104
How it Begins
The average worker applies for a mortgage. At the time the mortgage is affordable because he has a job. In some cases people bet on inflation, they thought that as wages and prices increased the mortgage would become easier to pay. There was never an intent to buy what they could not afford, nor to default oni the mortgage.
Default
Some people are members of multiple boards of directors. After signing the commitment to pay a monthly payment, corporations moved the jobs of people to cheap labor countries. The person who purchased the house now has no way to pay the mortgage. While the Democrats and Republicans claim to have solutions, the real problem is the one they created, various free trade agreements which left so many people unemployed and unable to make their payments.
The problem
As the present situation continues we are headed to what I call Neo-Fuedalism, where a few banks will end up owning all of the property as they foreclose on mortgages. Eventually the average American will never be able to own his own home.
The Solution of Robert Underwood
I would propose legislation whereby there would be a moratorium on mortgage payments when:
The unemployment rate is over 3% and a person loses his job.
When there are 200 applications filed for foreclosure and a person loses his job
This legislation would enable the statement that the bankers make “We are all in this together” to be true.
The unemployment rate is over 3% and a person loses his job.
When there are 200 applications filed for foreclosure and a person loses his job
This legislation would enable the statement that the bankers make “We are all in this together” to be true.
Another Problem
Banks and mortgage companies have tried to evict people because they kept sloppy records and wrongfully claimed that people owed them money. Typically they were treated very leniently by the Democrates and Republicans despite the terrible trauma that they inflict on their victims
The other problem is that any fines imposed are then built into the prices and ultimately the customer pays while the executives who engineers this travesty continue to get bonuses
The other problem is that any fines imposed are then built into the prices and ultimately the customer pays while the executives who engineers this travesty continue to get bonuses
The solution of
Robert Underwood
Robert Underwood
I would propose legislation whereby if a company falsely or in reckless negligence claims to have a mortgage on property:
Executives and managers go to jail for 5 years for each offense to be served consecutively
Executives and managers get no more than their average salary for the past 5 years
Dividends shall not be paid to stock holders for the next 5 years
Executives and managers go to jail for 5 years for each offense to be served consecutively
Executives and managers get no more than their average salary for the past 5 years
Dividends shall not be paid to stock holders for the next 5 years
Vote your Liberty
Vote
Robert Underwood
For
State Representative
Vote
Robert Underwood
For
State Representative
Foreclosures