The Home Affordable Refinance Program (HARP) was recently credited with helping mopre than three million homeowners in adjusting their mortgages. This is a huge success for the American people and can be regarded as one of the Obama Administration’s greatest victories. That established, many are calling for further refining of the HARP program, which, in its current state, is known as HARP 2.0.
Recently, a White House petition has been created in the hopes of providing government individuals with a gauge of the American people’s current opinion of HARP. The petition states:
“During the 2012 State of The Union Address President Obama laid out his plan for a broad based refinancing plan to help all responsible home owners with little or negative home equity. This plan, known as HARP 3.0, is desperately needed by millions of underwater homeowners. It is now two years later and nothing has been accomplished with HARP 3.0. The President, Congress, The FHFA, and other policy makers have failed us. As a reminder of this failure we suggest a HARP 3.0 Count Up Clock be installed in the White House Entrance Hall. Perhaps the embarrassment of this Count Up Clock will urge policy makers to finally Make HARP 3 Happen.”
As of this writing, the petition has only been signed by just over 1,000 individuals. Part of the issue with that could probably be due to the barrier to entry WhiteHouse.gov forces onto those who wish to sign, that being that they must register with the petition site in order to vote. A better system would be connectivity through Twitter, LinkedIn or better yet, Facebook, however; that’s not the case.
The petition also needs 100,000 signatures in order for the petition to receive some form of response from government officials. 100,000 signatures aren’t that many, however; the petition only has until Feb. 27, 2014 before signatures are no longer allowed. Once this date hits, the petition will either be passed along to governmental entities or will die a slow death in the annals of the internet.
In order to continue the trend of helping millions of homeowners get out from their underwater homes, it’s basically essential that HARP 3.0 comes to pass.