A win for homeowners in Colorado! Alliance affiliate Colorado Progressive Coalition has been working for two years to pass “Show Me the Note” legislation, which forces banks to prove they own the deed to a home before they can foreclose on it. On Monday, U.S. District Judge, William Martinez, ruled that the unsworn testimony ofContinue reading “Colorado: Judge Rules that Homeowner Has the Right to Fight Impending Foreclosure…in this case.”
Tag Archives: foreclosed properties
Banks and Foreclosures: Where’s the Accountability?
Over the past several weeks Bank of America, Ally, and GMAC have announced that they have will be halting foreclosures in the 23 states that require a judge to sign off on foreclosures before eviction. Did this decision come from enlightened bank management who understand what is needed to stabilize the housing market and pullContinue reading “Banks and Foreclosures: Where’s the Accountability?”
Where’s the Note: Is Your Mortgage Affected?
Recent reports show the bankers in charge of approving the foreclosure paperwork weren’t even reading what they were signing. Wall Street has bought and sold our mortgages so many times, they’ve lost track of who owns what. And now they’re getting caught red-handed. In one state, two banks tried to foreclose on the same home.Continue reading “Where’s the Note: Is Your Mortgage Affected?”
Congress Passes Financial Reform Bill!
On Thursday, July 15, Congress passed the strongest financial reform bill since the Great Depression, tightening restrictions on banks and Wall Street, cracking down on lending practices, and expanding consumer protections in order to prevent a repeat of the 2008 meltdown, the consequences from which we are still reeling. President Obama will sign the billContinue reading “Congress Passes Financial Reform Bill!”
Put Your Money Where Your Heart Is
In late May, seventy-five people from twelve different states gathered in Seattle for the inaugural two-day symposium of the Institute for Pragmatic Practice (IPP): “Put Your Money Where Your Heart Is: Building State Budgets that Reflect Our Values.”