Going on now at #FortHernandez : foreclosure forum! (Twitter)
Speaker from SAJE just spoke on renters’ rights!
Woman Sentenced In Foreclosure Rescue Scam (SF Chronicle)
A 38-year-old Michigan woman has been sentenced to 10 to 20 years in prison for a foreclosure rescue scam that bilked at least 60 people in eight counties out of more than $250,000.
Occupy La Protesters Set Up Camp At Foreclosed Home (Press TV)
Occupiers from Los Angeles are pitching tents again to demand an end to foreclosures. They have established an encampment at a home in the San Fernando Valley.
They are there in support of the Hernandez family, who have lived in the neighborhood for about seven years. The family has been fighting for their home for years but received a 5-day eviction notice after failing to make the mortgage payments.
14620 Leadwell St., Van Nuys, CA 91405 map
Sonoma County Resident Obtains a Loan Modification from Bank of America by Means of a Securitization Audit (Securitization Audit Services)
When the Hoomiratana (the foreclosure attorney), presented this document to Bank of America’s legal department and threatened to sue, they quickly agreed to modify Guyan’s loan terms, saving him $1,036/month in payments which ultimately allowed Guan to avoid foreclosure.
Seeing a bank crumble under pressure is hope for a nation of people that are in the same situation as Guyan.
Occupy to release free debt manual on anniversary weekend (MHP Books)
This Saturday, Strike Debt will launch a book called the Debt Resistors’ Operations Manual and hand out 5,000 free copies at an Occupy Town Square event in Washington Square Park during the day. Written by an anonymous group, the manual will provide practical assistance for dealing with various types of debt, as well as tools and strategies for collective action. According to the press release:
Several kinds of debt are covered: Housing, Education, Credit Card, Medical, and Municipal. There are also sections on Bankruptcy, Debt Collectors, Credit Score Agencies, Payday Loans and other Fringe Financial Products and Services. The manual contains a wealth of information and advice, much of it from insiders within the lending industry.