Occupy Successfully Saved Four Homes From Foreclosure, Prepares to Help a Fifth
This week, Occupy Our Homes, an outgrowth of the Occupy Wall Street movement, successfully helped a 78 year-old former civil rights activist in Atlanta stay in her home, after she was threatened with foreclosure by JP Morgan Chase (while the bank was simultaneously touting its commitment to the values of Dr. Martin Luther King Jr.). Meanwhile, in Detroit, Occupy Our Homes has successfully prevented four foreclosures and is locked in on a fifth, as Michigan Radio reports:
The “Occupy our Homes” movement has taken up the cause of Fred Shrum, another homeowner facing foreclosure in Metro Detroit.
The group is a coalition of anti-foreclosure groups, organized labor, and other activists with the Detroit “Occupy” movement.
So far, their protests on behalf of people facing foreclosure have helped keep four Metro Detroit families in their homes—including one case where protesters blocked a dumpster that came to clear out the house.
Those families were able to re-negotiate terms with their lenders.
Now, the group wants to help Shrum. The Dearborn Heights homeowner sought a mortgage modification when he had to take a pay cut and undergo surgery. But after what he calls a long and confusing back-and-forth with mortgage servicer Wells Fargo, Shrum didn’t get the modification–and now faces eviction.
In cities as far apart as Atlanta, Rochester, and Cleveland, Occupy protesters have prevented foreclosures, which are starting to pick back up again across he country. Foreclosures increased by 8 percent last month, with extremely steep jumps in some states. The New York Federal Reserve has estimated that 3.6 million foreclosures will take place over the next two years.