This opinion piece by LeeAnn Hall originally appeared in the Seattle Times. By LeeAnn Hall and Will Pittz While the recession officially ended in 2009, there are still over 9 million households across the country with homes worth less than the value of their mortgage. There are still neighborhoods in Seattle where more than 20Continue reading “Changing the Way We Help Underwater Homeowners”
Tag Archives: foreclosure
Bank of America Settlement Could Fund Principal Reduction Programs
It has taken six years and dozens of lawsuits and settlements after the largest housing collapse since the Great Depression – and finally we may have a way to set up and implement local principal reduction programs in cities across the country. September has brought us what is expected to be the last of theContinue reading “Bank of America Settlement Could Fund Principal Reduction Programs”
Progressive Cities Can Offer a Helping Hand to Families Facing Foreclosure
Foreclosures and high numbers of underwater homes aren’t making headlines around the country the way they were a couple of years ago, but that doesn’t mean the housing market is back on solid footing – or that people are no longer suffering. Thousands of families in Seattle are still dealing with the traumatic repercussions ofContinue reading “Progressive Cities Can Offer a Helping Hand to Families Facing Foreclosure”
Mile High Showdown with Wells Fargo
Wells Fargo was put on notice last week as Colorado Progressive Coalition (CPC), the Alliance for a Just Society, and community members took their grievances with the Wall Street bank to the streets of Denver. The week started out with a delegation of homeowners, union members, immigrants, and students delivering their set of demands to Western RegionalContinue reading “Mile High Showdown with Wells Fargo”
Justice for Washington Homeowner
Dixie Mitchell is a 71-year-old cancer survivor. She and her husband have cared for over fifty foster children over the years in their Seattle home which, until this weekend, was scheduled to be auctioned off on October 28th. After a campaign by The New Bottom Line and Washington CAN!, Dixie now gets to keep herContinue reading “Justice for Washington Homeowner”
Underwater Mortgages and 1 Million Jobs
Today, The New Bottom Line, a coalition co-lead by the Alliance for a Just Society, released a report detailing a solution to the foreclosure crisis. “The Win-Win Solution: How Fixing The Housing Crisis Will Create 1 Million Jobs” details how we can fix the housing crisis and revitalize our communities and economy if the banks wereContinue reading “Underwater Mortgages and 1 Million Jobs”
Leader of 50 State Foreclosure Probe Tells Struggling Homeowners: “We Will Put People in Jail”
Iowa’s Attorney General Miller also agreed that principal reductions, loan modifications, and compensation for defrauded homeowners are all on his agenda The lead Attorney General in the 50-state foreclosure investigation, Iowa’s Tom Miller, told homeowners at risk of foreclosure today that he supports a settlement with the big banks that requires significant principal rate reductions,Continue reading “Leader of 50 State Foreclosure Probe Tells Struggling Homeowners: “We Will Put People in Jail””