Foreclosure Notes 12/20/12 – 1/3/12

‘Fort Hernandez’ Evicted And Occupy LA Protesters Removed From Home (PHOTOS, VIDEO) (Huffington Post)

Nearly 100 personnel from the Los Angeles County Sheriff’s Department removed 18 Occupy LA protesters and five dogs at about 5 a.m. Thursday morning, KPCC reports. Six to eight family members were living in the house and are now locked out… An LA Sheriff’s spokesman told LA Weekly that the department received an order to evict several days ago but that Sheriff Lee Baca, showing “heart,” told deputies not to do the deed until after Christmas.

Occupy float to follow Rose Parade (LA Times)

The 15-foot-high float, with “Mr. Monopoly” riding a red wagon, is designed to draw attention to foreclosures and “illegal bank practices,” an organizer says.

SEVILLE’S SQUATTERS: NO LIGHT, NO WATER, NO FEAR (Molly Crabapple for Vice)

The city of Seville is so broke that it hasn’t paid its civil servants for six months. Nonetheless, it spent ten thousand euros digging up the sidewalk and cutting Corrala’s water main to try and force the squatters out. Now, Anna’s kids have to make five trips a day to haul water jugs up those dark stairwells.

Settlement Expected With Banks Over Home Loans (New York Times)

Banking regulators are close to a $10 billion settlement with 14 banks that would end the government’s efforts to hold lenders responsible for foreclosure abuses like faulty paperwork and excessive fees that may have led to evictions, according to people with knowledge of the discussions.

Foreclosure Review Scrapped On Eve Of Critical Watchdog Report, Congressman Says (Huffington Post)

…The data suggests that of the 4 million families who lost their homes to foreclosure since the housing crash, more than 400,000 had some bank-caused problem in their loan file…

The Betrayal of the American Dream (Amazon)

The story of how the American middle class has been systematically impoverished and its prospects thwarted in favor of a new ruling elite is at the heart of this extraordinarily timely and revealing book, whose devastating findings from two of the finest investigative reporters in the country will leave you astonished and angry.

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