Foreclosure News 10/21 – 10/24

Terminal Cancer Patient Fights to Save Home From Foreclosure (KTLA)

A woman who suffers from cerebral palsy, and who’s been diagnosed with stage 4 breast cancer, is fighting for her life — and to save her home… A tent city has sprung up outside of Ana’s home, and it continues to grow as she’s embraced by friends, neighbors and community activists.

Foreclosure revolt spreads to East LA (LA Activist)

…thanks to a loan modification with Deutsche Bank, they ((the Lucero’s)) may lose the place they have called home for the past 15 years — though with a little help from Occupy Los Angeles, they won’t be going down without a fight…

When they got their loan modification their problems seemed behind them, but there was one catch they were not aware of — their loan modification was temporary. After six months, Deutsche Bank then began refusing their payments and put the home in foreclosure.

Over the hump: Rochester, NY activists, Portland, OR activists, US sues BofA,

Rochester activists want foreclosures to end (Socialist Worker)

More than 200 people marched to Rochester’s City Hall on October 16 to demand an end to police evictions of homeowners whose property is in foreclosure.

Black Working Group: Just Say No to Foreclosures (The Skanner)

A group of Portland housing activists have vowed to prevent homeowners in foreclosure from being evicted. They intend to turn out in force whenever sheriffs show up to evict families from their homes.

U.S. sues BofA over alleged mortgage fraud (Reuters)

The United States filed a civil mortgage fraud lawsuit against Bank of America, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses… According to a complaint filed in Manhattan federal court, Countrywide in 2007 invented a scheme known as the “Hustle” designed to speed up processing of residential home loans.

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