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: housing crisis
The Housing Crisis in Pueblo, Colorado
Community Rally Hits One Consistent Message: Get Rid of Ed Demarco Fred and Sophia Patterson have a mortgage that was bought from Bank of America by Freddie Mac. When Mr. Patterson had his identity stolen, he lost everything, and asked for some assistance. The Pattersons accepted a temporary loan modification and continued to payContinue reading “The Housing Crisis in Pueblo, Colorado”
Washington CAN! Holds Action Demanding Big Banks To End Foreclosures
On Tuesday, October 26th, at 11:30 a.m., more than two dozen homeowners, friends, and community members marched into Chase Bank in downtown Burien, Washington and demanded an end to foreclosures in the state. These homeowners represented just a handful of the 225,000 underwater homeowners in the state of Washington. The action, organized by Washington CAN!,Continue reading “Washington CAN! Holds Action Demanding Big Banks To End Foreclosures”
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?”
Building a National Movement Against The Big Banks: Organizing Underwater Homeowners
In September, NWFCO joined more than 230 people from around the country for the “Banking for a New Economy” Summit in Chicago, Illinois. We came together to build a national movement for bank accountability – reminding ourselves that the banks created the greatest economic crisis since the Depression, and now we have to make themContinue reading “Building a National Movement Against The Big Banks: Organizing Underwater Homeowners”