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Sat Apr 14, 2012, 07:29 PM

Follow up to Southeast Raleigh foreclosure resistance by Occupy

From this thread:http://www.democraticunderground.com/1002540736

Why Choose to Get Arrested for Trespassing? Find out here.

On Monday, April 9, a coalition of local grassroots groups sought to bring attention to the rampant predatory loans and woefully inadequate loan modification efforts that have wrought havoc on our economy and housing market and resulted in millions of foreclosures (look below for a first-hand account of this act of civil disobedience).

-snip-

For those who are not fully aware of the extent of the foreclosure crisis, let’s crunch some numbers. A recent International Monetary Fund report called nationwide foreclosure numbers “staggering,” with 2.5 million properties in foreclosure and another 1.5 million households delinquent. In total, nearly 8 million Americans have faced foreclosure since the housing bubble burst in late 2006, the IMF reported. To make matters worse, fewer than 1 million mortgages have been modified under the Home Affordable Modification Program (HAMP), far fewer than the goal of helping 3 to 4 million struggling families.

-snip-

North Carolina currently has nearly 3,700 properties at some stage in the foreclosure process, a jump from 2,992 in February and 2,541 in January. Foreclosures lower the value of surrounding homes, reducing homeowners’ equity, meaning that your assets have diminished due to the foreclosure crisis even if you’ve never missed a payment.

http://www.occupyraleigh.org/2012/04/defend-homes-from-invading-banks-data-and-direct-action-on-the-foreclosure-crisis/



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Reply Follow up to Southeast Raleigh foreclosure resistance by Occupy (Original post)
mmonk Apr 2012 OP
xchrom Apr 2012 #1
rgbecker Apr 2012 #2
mmonk Apr 2012 #3

Response to mmonk (Original post)

Sat Apr 14, 2012, 08:15 PM

1. Du rec. Nt

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Response to mmonk (Original post)

Sat Apr 14, 2012, 08:21 PM

2. 30 cops marching in formation with M5 tommy guns to arrest peaceful demonsrators.

Police state much?

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Response to rgbecker (Reply #2)

Sat Apr 14, 2012, 11:03 PM

3. Yes much. Waste of man power and resources on non threatening Americans

(except that they know the real problem and are protesting the real power). The Capital Police also committed perjury recently in court about last October arrests of Occupy Raleigh members.

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