Black People : Information to Know and Share

Discussion in 'Black People Open Forum' started by HODEE, Dec 19, 2009.

  1. HODEE

    HODEE Well-Known Member MEMBER

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    If your a Renter. Have a lease. You have rights and can not be evicted until that lease ends.

    If your in a Home. You can not be evicted without a judge signing and issuing an eviction notice.

    This grass roots group is doing some legal, and grass root work that is very important.

    In America there is a need for a civil movement like there was during the civil rights marches of the sixties.

    There will be one, there has to be one. To stop the real estate nightmare that is displacing millions.

    Find your voice in any and every situation and use it to express your rights.
    Then be prepared to fight for them. NO FEAR!

    ================
    http://www.clvu.org/

    NEWS!!!

    On May 22, 2009 President Obama signed a law which provides 90 day tenant protections for tenants living in foreclosed properties nationally.

    All tenants must get a 90 day notice before eviction process can be started as a result of foreclosure. In addition most tenants that have leases can continue to live in their homes until the end of the term of their lease.

    The rights of Section 8 tenants are also protected because the new owner at foreclosure must accept both the tenant's lease and the housing assistance Payment (HAP) contract.
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

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    Ok that is fine and dandy but what is stopping him from haveing a moratorium on all foreclosures across the board?

    How many have no commercial individual home owners have gone into foreclosure because they are criminaly negligent?
    not many!!!!

    But he saw fit to bail out 13 trillion to corporations that were criminaly negligent and led to this mortgage disaster and scandal.

    To amnesty the present foreclosures would take a few billion and who would miss it since the banks are bailed out anyhow?
     
  3. Ankhur

    Ankhur Well-Known Member MEMBER

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    Published on Saturday, December 19, 2009 by TedRall.com
    Foreclose on the Banks: How to Give America Its Best Christmas Ever
    by Ted Rall

    NEW YORK - Citibank is suspending foreclosures and evictions for 30 days, until after the holidays.

    Mighty white of them.

    Who knew bankers could be so amusing? In an interview, Citi mortgage czar Sanjiv Das acknowledged that "moratoriums are not permanent solutions" and said his company was looking for "some long-term fundamental alternatives" to throwing people out of their homes because they've fallen behind on their payments. But he didn't offer a specific example.

    Here, allow me. There's one "long-term fundamental alternative" that's righteous, makes sense, and legal: Let's foreclose on the banks. It's time for the U.S. government to show Mr. Das and his buddies down at the country club who is the boss.

    Seriously. Yes we can.

    But first, let's go back to February 2009. Ah, February: a new president, hope and change in the air. Especially for bankers.

    President Obama's TARP program doled out hundreds of billions of federal taxdollars to gangster capitalists like Citibank and Bank of America, which get off on charging $4 for using ATMs and 29.99 percent interest in credit cards.

    The big banks were supposed to use TARP cash to buy back "toxic assets" backed by home loans to distressed homeowners, thus loosening the mortgage credit market. In fact, The Los Angeles Times reported a few days ago, "The fund has done little to address that problem directly." Instead, the feds bought bank stock at over-market prices.

    In exchange for those bailouts, the banks were expected to free up credit.

    They didn't. They haven't. Instead, they gave obscene raises to their already overpaid executives. They remodeled their plush offices. Now their loan officers are sitting on their hands, laughing all the way to their own banks.

    There's still money in the U.S. economy. But it's not moving around--and extreme lack of liquidity is the definition of a Depression with no end in sight. As anyone who runs a small business can attest, the same dirtbag bankers who were lending to anyone and everyone two years ago have suddenly become tightwad tight-*****. Consumers with high credit ratings have seen their credit limits slashed. Banks are even refusing to refinance high-interest home loans at today's rates, reasoning that lower property values have reduced the value of their collateral--thus ensuring still more foreclosures in 2010.

    Because the Obama Administration didn't pressure them, the banks stonewalled the president's $75 billion loan modification program, which was supposed to reduce payments for the approximately ten million Americans who face foreclosure.

    JPMorganChase, for example, blew off or rejected 85 percent of homeowners who asked them for help. That's better than Citibank, which enrolled 100,000 distressed homeowners in the program but only managed to actually modify loans to 270. And it's a lot better than Bank of America, bringing up the rear with a pathetic whopping 98 modifications out of the 160,000 borrowers who signed up as of the end of November.

    More lowlights:

    ∑ One out of seven American homeowners will probably lose their homes by the end of 2010.
    ∑ Only 4.7 percent of distressed homeowners who enrolled in the modification plan have gotten any help.
    ∑ Out of Obama's $75 billion program, only $2.3 million has been spent--or 0.03 percent.

    Obama's performance on the foreclosure crisis--along with unemployment, the biggest problem America faces--makes Bush's laissez faire approach to Hurricane Katrina look caring and loving in comparison. If ever there were a cause for impeachment, look no further.

    No doubt recognizing political peril, Obama is now attempting to jawbone the banks into doing the right thing, even calling banking CEOs "fat cats" on "60 Minutes." Whatever.

    "America's banks received extraordinary assistance from American taxpayers to rebuild their industry," Obama said after meeting with banking executives. "Now that they're back on their feet, we expect an extraordinary commitment from them to help rebuild our economy." But there were no teeth in his demand--just a polite pretty-please with a trillion-dollar-plus bailout on top.

    full article:
    http://www.commondreams.org/view/2009/12/19-7
     
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