Activists Fight Back Against the 1% After Investors Lock a 75 Year-Old Great-Grandmother Out of Her Home [With Photo Slideshow]
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Ted Gullickson of the San Francisco Tenants Union said that situations like Tolbert's are unnecessarily destructive. He told reporters his group was pushing the city to adopt a so-called "right-to-rent" law that would allow “underwater” homeowners to remain in their properties and pay the banks market-based rents. (Economist Dean Baker has long called for such a measure at the national level, details of which you can read here.)
Actions to stop foreclosures and keep families in their homes appear to be gaining traction among community groups and the Occupy movement. “We have a people who are committed to working with the banks the way they should have been working with us -- in good faith,” Foreclosure Fighters activist Denise Collins told AlterNet by phone. “And when they don't, we're standing up and fighting back.”
Joshua Holland is an editor and senior writer at AlterNet. He is the author of The 15 Biggest Lies About the Economy: And Everything else the Right Doesn't Want You to Know About Taxes, Jobs and Corporate America . Drop him an email or follow him on Twitter.