Resisting foreclosure by any means necessary

Friday, February 20, 2009

It's the stuff of melodramas: "I can't pay the mortgage!" says the pretty young mother. "You must pay the mortgage!" replies the landlord, dressed in black with a dragoon's moustache. "I'll pay the mortgage!" says Dudley Doright. But what if you really can't pay the mortgage? And you really don't want to leave your home despite the eviction notice and there's no dashing Dudley Doright in sight? Answering that question is a group of activists in Baltimore who are using nonviolent resistance tactics as a way of keeping people in their homes. Joining us now is Melody Simmons, a reporter for WEAA in Baltimore, and Donna Hanks a homeowner facing foreclosure.

Guests:

Donna Hanks and Melody Simmons

Comments [3]

Charlie Cooper

Totally irrelevant. Many of the mortgages were fraudulent. Going thru with all these foreclosures costs each close neighbor on average $18,000. How fair is that? We absolutely need to socialize the cost of the mortgage fraud committed by brokers, banks, services, securitizers, and investors. And the investors need to take the major share of the haircut.

Feb. 21 2009 11:41 AM
Sherry

Donna Hanks initially purchased her home on 7/06/2001 for $87,000. At some date between 2001 and 2006 she re-financed the original mortgage for the amount of $270,000 with a mortgage payment of $1,662.00. The FIRST foreclosure on this home was filed 5/31/2006. Donna Hanks filed for bankruptcy 6/16/06 during which a payment plan was approved for the $10,500 she was behind in her payments. This action stopped the original foreclosure. When she did not meet the terms of the bankruptcy re-payment, a second foreclosure action was started in January 2008. At the time she had not made her mortgage payments since September 2007. It should be noted that her salary per the bankruptcy paperwork was $1625 per month. Over extended? The mortgage company "raised" her payment $300 a month - right? Well, not exactly it was $340. The amount that she had agreed to pay back in arrears.

Feb. 21 2009 09:55 AM
ROLYAT136

What would you call a group organized under the principle of "We're not going to allow the pizza delivery man to collect the cost of the order"?
You'd call it "a group of thugs".

Feb. 20 2009 10:37 AM

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