Foreclosure Notes 6/10 – 6/26

Parkwood Farms Therapy Center is safe! (Occupy Our Homes Video)

Parkwood Farms Therapy Center reached out to Occupy Our Homes Atlanta last November on the same day that Gwinnett County sheriff’s deputies were attempting to enforce an eviction.

After organizing candlelight vigils on the farm, holding protests at the bank’s law firm’s office, launching multiple online petitions, holding press conferences at the farm, and raising a lot of money, a final deal was struck.

Yesterday around 1PM Dr. Marilyn Peterson, who runs the therapy center and is a mother of a child with a disability, closed on a deal that will keep Parkwood Farms open for all the children that need it.

(Watch a “Thank You” video from Dr. Marilyn Peterson)

“After all this time since November, we can declare that I own this property outright. This is a great day!” Peterson said.

Mildred Obi’s home is almost hers for good! (Occupy Our Homes Atlanta Email)

In the 11th hour Bank of America has offered a solution that will keep Mildred in her home. While the ink on this deal is far from dry, we are excited to explore a solution that keeps Mildred where she belongs, In her home. There is NO doubt that the only reason this opportunity has opened up is because of YOUR support. Thank you! We will be sure to keep everyone up to date as we work towards a final solution… Together we can win!

Bank of America whistle-blower’s bombshell: “We were told to lie.” (Salon)

Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification – but now they come from six former employees and one contractor, whose sworn statements were added last week to a civil lawsuit filed in federal court in Massachusetts.

Interview with Homeowner Fighting Foreclosure (Socialist Alternative)

Via Occupy Homes Minnesota, Eviction Free Zone Campaign.

I have lived in my home for 30 years and in this neighborhood my entire life. I bought this house with my late husband, and now Chase Bank and Freddie Mac are pushing to evict me.

Had I not run into a predatory lender after my husband died, my house would be fully paid off this August. I paid my mortgage for 28 years, in total around $425,000, until I just couldn’t balance the bills any longer. When JPMorgan Chase foreclosed on me, they were still demanding an additional $255,000. Chase then bought my house back at the current market value of $81,000 – a deal they said they couldn’t afford to offer me, even though they pay their CEO that amount every day.

Recent California Law Turns Tables on Mortgage Lenders (Lawyers.com)

California’s groundbreaking Homeowner Bill of Rights took effect just six months ago, and the courts are already rescuing homeowners from situations that would have been hopeless in 2012.

In May, Sacramento resident Kevin Singh became one of the first homeowners to use the new law to stop a foreclosure on his home. Singh fell behind on his mortgage payments… He applied for a loan modification with Bank of America, but while his application was pending, he received notice that his home was scheduled for foreclosure auction.

Singh explained his predicament to civil rights attorney Aldon Bolanos. Bolanos immediately sought a temporary restraining order, which was granted just before Singh’s home was set to be auctioned. Days later, U.S. District Court Judge Morrison England Jr. issued a preliminary injunction that put Singh’s foreclosure on indefinite hold.

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