Foreclosure Notes 11/30 – 12/6

Occupy Our Home: National Day Of Action (STL Today)

To celebrate the one year anniversary of Occupy Our Homes, an offshoot of the Occupy Wall Street movement focused on fighting foreclosure and defending homes against eviction, there will be a national day of action Thursday, December 6th.
Over twenty cities have coordinated efforts and will pull off bold direct action aimed at financial institutions that took trillions in taxpayer bailout money and have thanked us by throwing us out of our homes. Wells Fargo alone took over $36 billion in bailout money.

Minneapolis: Evicted Veteran to Move into Vacant Home on #D6 (Occupy Our Homes)

After a year-long Occupy Homes campaign for a renegotiated loan, Vietnam veteran John Vinje and his wife Lucinda Adams chose to peacefully leave their home on their October eviction date… But this experience has only strengthened their resolve to fight back… On December 6, we will reclaim a vacant home and move in a family made homeless by the foreclosure crisis. Join us on Thursday to escalate our fight for housing justice.

Occupy Protesters Take Over SF Wells Fargo Branch To Denounce Foreclosures (CBS San Francisco)

Occupy demonstrators and housing advocates briefly took over a Wells Fargo Bank branch in San Francisco’s Bayview neighborhood Thursday as part of a protest denouncing foreclosures.

Around 11 o’clock, one protester distracted security while three dozen more invaded the bank on the corner of 3rd Street and Galvez Avenue to string yellow foreclose tape all over the interior and shut it down.

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The Foreclosure Wave That Wasn’t (Business Week)

When banks pulled back on foreclosures two years ago following a government investigation into faulty paperwork… analysts… believed that once banks resolved the claims of delinquent homeowners piling up in courts and worked through their backlog of foreclosures, tens of thousands of houses would hit the market, driving down prices for years to come. It never happened… Instead, the number of residential properties for sale in the U.S. shrank to the lowest level in a decade, while prices have appreciated at the fastest pace since 2005.


The HAMP guidelines require U.S. Bank to perform modification services for all mortgage loans its services. Otis Philips applied to modify his mortgage with U.S. Bank. U.S. Bank denied the request, without numbers, figures, or explanation, reasoning, comparison to the guidelines, or anything.

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