Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

foreclosed home owners re-occupy their homes

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Editorials & Other Articles Donate to DU
 
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 11:50 AM
Original message
foreclosed home owners re-occupy their homes
http://www.nationofchange.org/foreclosed-homeowners-re-occupy-their-homes-1322152600

Car­olyn Gage was evicted from her fore­closed home in Jan­u­ary. Ear­lier this month, she moved back in.

“I’ve been in here for 50 years. I know no other place but here. I left and it was just time for me to come back home,” said Gage, who is in her mid-50s.

Gage’s monthly pay­ments spiked after her ad­justable rate mort­gage kicked in, and she could no longer af­ford the pay­ments on her three-bed­room house in the city’s Bayview Hunters Point dis­trict. She says she tried to mod­ify her loan with her lender, Florida-based IB Prop­er­ties, but to no avail.

When Gage ini­tially left about 10 months ago, she took some per­sonal items with her, but left most of the fur­ni­ture and con­tin­ued pay­ing for some util­i­ties.
Refresh | +20 Recommendations Printer Friendly | Permalink | Reply | Top
castnet55 Donating Member (30 posts) Send PM | Profile | Ignore Fri Nov-25-11 12:12 PM
Response to Original message
1. Foreclosures
This is the kind of stuff that really gets to me. This woman has been there longer than most of the bank employees have probably been alive. The fact that she's tried to refi and the greedy bank stuck it to her shows just how sick society has become. Where is all of the help that the government allocated for programs to help people stay in their homes?
Face it the rich keep getting richer and the poor keep getting poorer. It suxs.
Printer Friendly | Permalink | Reply | Top
 
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 12:21 PM
Response to Reply #1
2. welcome to du!
:hi:
Printer Friendly | Permalink | Reply | Top
 
Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 12:53 PM
Response to Original message
3. Good for her! EOM
Printer Friendly | Permalink | Reply | Top
 
EC Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 12:55 PM
Response to Original message
4. I would have been back in the home before she was.
There is no way a bank would have taken my home from me without me leaving some way to get back in. A broken window or something, but I would have been back in (illegally) the next day.
Printer Friendly | Permalink | Reply | Top
 
freshwest Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 01:04 PM
Response to Original message
5. Marcy Kaptor was the one who wanted people to stay in their homes years ago. It saved lots of people
The house of cards that is the debt system is in its death throes. The banks had made enough money off of her, she was a stabilizing force in her community most likely, not doing anyone any harm. What the media never picks up on is the fact that these forced relocations, like job losses and schools being closed, all the rest of it are tearing apart the civil fabric of society. This causes families to lose contact, kids to lose friends, degenerates their chances for education and a future. It's just total destruction that is brought about by crookedness. That's why regulations must be in place, and the enforcement of such must be funded. We can't expect crooks to police themselves. Or the police to police themselves, either...
Printer Friendly | Permalink | Reply | Top
 
cutlassmama Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 02:37 PM
Response to Original message
6. desperates times require desperate measures. I hope she can stay in her home again
and won't be removed via SWAT.
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun May 05th 2024, 02:44 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC