From Occupy Homes MA-Boston-Attention people facing foreclosure or in foreclosure: Don't let the Bank push you out!
Important information
If you are the former owner or a tenant in a foreclosed building, you can fight for your home after foreclosure. If you have received an eviction notice from the Bank, DO NOT MOVE! Do not accept "cash for keys" payments without consulting with Occupy Homes MA or an attorney.
To all residents: If you live in a building that has already been foreclosed or where a foreclosure seems likely, call us at Occupy Homes at 617-524-3541 or come to any meeting of the City Life every Tuesday night, 6:15 pm, at 284 Amory St. in JP (near Stonybrook Station on Orange Line). You can fight the eviction.
Don't panic. Don't move. Organize! Join Occupy Homes MA
Tuesday, August 21, 2012
Tufts Library - Canoe Room
46 Broad Street, Weymouth
6:00 PM
Mortgage companies have been unwilling to do meaningful loan modifications for homeowners in trouble. To owners: If you financed your home during the real estate bubble, chances are the value of your home is much less than the value of the mortgage. In that case, a "meaningful loan modification" is one that reduces principal owed.
To owners and tenants: After foreclosure, lenders evicted about 2400 households in Boston in 2008. About 77% of these households were tenants. AM these evictions were "no fault," because foreclosing lenders refuse to accept rent. They sit on vacant property after foreclosure and our neighborhoods decline.
Occupy Homes MA is dedicated to uniting tenants and former owners in foreclosed buildings in order to protect our homes and neighborhoods against giant mortgage companies and banks.
For more information, call Occupy Homes MA: 617-249-4359 - Email: SouthShoreOccupy@gmail.com
Great post - very helpful and informative. Many Americans are still underwater on their mortgage, owing more on their home than it is currently worth. Also, the economy continues to weigh on the recovery, particularly a dampening employment outlook, which analysts see as tied to housing.
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