Modifying mortgage terms not so simple, Reports the Los Angeles Daily News back on Dec. 7, 2009.

CLICK HERE TO ENLARGE HEADLINE.

It is important to remember that as far back as early 2009, homeowners were discovering that HAMP, DID NOT WORK. The above article, written by Susan Abram, was on the front page of the Los Angeles Daily News on Monday, December 7, 2009 and involved research and a recap as to just how ineffectual HAMP had been since earlier in that year.

Because the term Parallel Foreclosure was almost completely unknown back then, it is important to realize that the disconnect between homeowners getting into HAMP before their homes were foreclosed on was almost impossible because the banksters were practicing PARALLEL FORECLOSURE! As the sub headline states, "Process is too slow to save homeowners from losing their houses."

It is fascinating to go back in time and find these articles and realize that the key word, Parallel Foreclosure, was not used even though what the article describes is parallel foreclosure in action. When Did Barack Obama know about Parallel Foreclosure and why, over 10 months after the above article ran, has parallel foreclosure been allowed to go on?

Parallel Foreclosure basically ensured that MOST of the HAMP applicants would not get their mortgage modified, but would face a HIGHER CHANCE OF LOSING THEIR HOME even as the government, and Barack Obama, teased them with HAMP.

Barack Obama has now backed two home foreclosure government programs that allow the banks to implement Parallel Foreclosure tactics!

Barack Obama must find himself in a tough situation. Obama has hired Wall Street Cronies to be in his white house inner circle, and I presume in return he has allowed these cronies to influence his thinking on matters that have placed the american homeowner in accelerated foreclosure jeopardy.

It appears the president believes that homeowners deserve a chance to keep their home through government backed programs such as HAMP (Home Affordable Mortgage Program), and a follow up funding program for unemployed homeowners called EHRF (it has also been called EHLP) What is proving to be unbelievably mafioso is that parallel foreclosure is being invoked by the banks whenever a homeowner attempts to access either of these two Barack Obama backed government programs.

Parallel Foreclosure involves the banks beginning the paperwork to foreclose on a homeowners home when a homeowner either falls behind on their payments, or when they apply for HAMP or the follow up program for unemployed homeowners. Once the parallel foreclosure process is started, it is not always easily stopped, as we have come to find out after reading about homeowners who seem to be dealing with two disjointed divisions within the same bank. Some homeowners have been left homeless by parallel foreclose actions.

Could you imagine having to bring collateral with you anytime you went into a retail store or to the doctors? You are being told you are eligible for a discount, but to get the discount, you must leave collateral. Now imagine that instead of directly asking you for collateral before you can get your customer discount, the other party simply snuck into your home and took a few items without you even knowing.

Now imagine that even though you have had items taken without your knowledge, the other entity is actually publicly pronouncing how they PLAN on helping you even as they have already taken items from your home without you knowing it.

That is pretty much how HAMP appears to be playing out. To get an allegedly better chance at being accepted into the HAMP program, the homeowner is supposed to be behind on their mortgage payments or they may have to wait an interminable amount of time before being vetted for the program. Yet, if the homeowner voluntarily gets behind on their payments, the parallel foreclosure process begins!

The unemployment version of the homeowners foreclosure prevention program comes right out and says, "YOU MUST BE THREE MONTHS BEHIND ON YOUR MORTGAGE" to become eligible for a 50,000 dollar interest free loan!

Barack Obama and his merry band of Wall Street cronies have created a home foreclosure prevention program that allows the banks to initiate parallel foreclosure on every home owner who applies for either HAMP or the unemployment version of HAMP, and I find this so outrageous that I just don't see how this type of deceit can go on without the threat of impeachment being discussed at some point.

Rolling Stone reveals how Barack Obama deviated from his campaign promises when it came to actually following through on them.

The Rolling Stones article by Matt Taibbi reveals the shift that occurred from Barack Obama's campaign message versus what he actually did after becoming president. Barack's team changed after the election to a Harvard / Wall Street connection and they had not done so well on wall street in the recent past.

Ironically, the one area where Barack Obama did not listen to his Harvard Wall Street money group was when it came to balancing the budget, or even coming close, Barack Obama chose not to pursue balancing the budget.

Click here to read Matt Taibbi's article in Rolling Stone

My take on the article is it is about Barack Obama giving everybody what they want, and then something happens. In the meantime, 10,000 homeowners are foreclosed upon in the United States each day.