Clippings June 4th – June 8th

Occupy group helping disabled Inkster man fight off foreclosure (Detroit Free Press)

Jerome Jackson, paralyzed from the waist down at age 14, says he’s fighting back against a foreclosure… Volunteers from Occupy Detroit and the nonprofit People Before Banks plan to picket outside 22nd District Court in Inkster when an eviction hearing takes place…

California Homeowners: Ask Your Legislator What They’re Voting on for the Foreclosure Prevention Legislation (

Over 70 California community groups, labor unions, and advocates have sent a letter to California’s Assembly members and Senators asking them “Whose Side Are You On: Banks or Homeowners?”

Oakland foreclosed homes to be converted to rentals (San Francisco Chronicle)

Waypoint Real Estate Group is announcing a $20 million partnership Friday with a national housing nonprofit to purchase foreclosed homes in low-income neighborhoods in Oakland and turn them into affordable rental housing.

Fiesta #CierraBankia. (YouTube)

Spaniards know how to close a bank account IN STYLE!

President’s proposal for new law to make it easy to do ‘underwater’ refinancing. (White House)

President Obama is urging Congress to take up his proposal to cut through the red tape that prevents so many homeowners from refinancing their mortgages and saving hundreds of dollars each month.

Tax might deter foreclosures in San Francisco (SF Examiner)

City officials have proposed a ballot initiative for November that would force banks to pay a tax when they repossess a property — a move that aims to curb foreclosures in San Francisco, especially in the poorer southeastern neighborhoods.

SF, others seek temporary halt in foreclosures (SF Chronicle)

San Francisco Mayor Ed Lee and the mayors of Oakland, San Jose, Sacramento and Fresno will release a letter Wednesday asking the nation’s five largest banks to temporarily halt foreclosure proceedings against some of their customers.

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