Who: Soledad Corona, Occupy Fights Foreclosures Activists, Attorney Lenore Albert, Community Leaders What: Court appearance and announcement of federal class action (case No: 12-cv-2189-CAB (KSC)) against major banks for foreclosing, evicting homeowners during "Holiday Moratorium" 2009-2012 *PRESS CONFERENCE FOLLOWING COURT APPEARANCE When: Tuesday January 22, 2013 @ 8:30am Where: Los Angeles Superior Court, 111 North Hill St, Los Angeles, CA 90012, Dept 77 (Stanley Mosk) Why: Homeowners continue to be victimized and abused by major banks; LAPD involvement in civil cases/foreclosures utilizing taxpayers' money to evict families.
Single Mom Twice Wrongfully Evicted Announcement of federal class action lawsuit filed against Bank of America and other major banks for wrongfully foreclosing/evicting on families during "Holiday Moratorium" on foreclosures
Los Angeles - B of A's lackeys, the L.A.P.D., wrongfully evicted the Corona family Friday, Jan 18th at around noon. Soledad's teenaged daughter, Victoria, was the only one home at the time and they told her she had to leave immediately. This is the SECOND time the Corona family has been evicted during the so-called "Holiday Moratorium" on foreclosures and evictions announced by major banks. The LAPD claimed they were "trespassing" in their own home. One officer allegedly said there was an arrest warrant for Soledad Corona, although they denied this later that evening.
From 7pm of Friday, January 18th, 2013, we held a press conference at 2200 Daly St. Los Angeles, CA 90031 to denounce the lies, deceit, and business practices of Bank of America and to also denounce the LAPD involvement in the case of Soledad Corona's fight to keep her home.
Jan. 9, 2013. Occupy Fights Foreclosures openly denounced the Office of the Comptroller of the Currency and the Federal Reserve possible settlement of $10 Billion with those responsible for the "Crime of the Century" by protesting at California State Attorney General Kamala Harris Los Angeles Field Office.
Press Conference (uncut raw voices of homeowners and foreclosure fighters)
1. That people were the victims of crimes by the banks that foreclosed 2. That most homeowners didn't know about the review of 2009-2010 foreclosures 3. That the reviews were done by consultants hired by the banks 4. That the settlement lets banks escape prosecution for their crimes 5. That the settlement will put only a fraction of the money homeowners are entitled to in their pockets.
Compare the paltry $2000 per homeowner payout with the amounts regulators said they were due: "This is a far cry from the possible penalties outlined last year by the federal regulators requiring these reviews. For instance, regulators said that if a bank had foreclosed while a borrower was making payments under a loan modification, it might have to pay $15,000 and rescind the foreclosure. And if it couldn’t be rescinded because the house had been sold, the bank could have had to pay the borrower $125,000 and any accrued equity."
Surprise, Surprise: The Banks Win By GRETCHEN MORGENSON Published: January 5, 2013
IF you were hoping that things might be different in 2013 — you know, that bankers would be held responsible for bad behavior or that the government might actually assist troubled homeowners — you can forget it. A settlement reportedly in the works with big banks will soon end a review into foreclosure abuses, and it means more of the same: no accountability for financial institutions and little help for borrowers.
WHO: Occupy Fights Foreclosures Activists, Southern California Homeowners WHEN: Tuesday, January 1st, 2013 WHERE: 2013 Rose Parade, Pasadena, CA., Occupiers and Participants will be meeting at Singer Park 250 West California Blvd. Pasadena, CA. starting at 6am WHY: To shed light on the continuing abuses by major banks who fraudulently foreclose on thousands of homes, breaking up families and destroying the economy. WHAT: Occupy Fights Foreclosures will be presenting an unofficial float: “Occupy Our Homes, It’s Not All Roses For the Banksters Victims.” Homeowners will march the parade route with large banners, umbrellas, Fraudclosure Wagon (float) and 10' Monopoli Banker
Before you blame the homeowner... Look at the banks’ fraud! Here's a list of Myth Breakers:
“People bought too much home.” “Banksover-appraised homes and gutted underwriting rules so they could write big, high-rate loans that made the banks the most money on Wall Street.”
“These people are deadbeats and freeloaders.” “Bankstold families they had to stop paying their mortgage to qualify for a loan modification. Banks pretend to do loan mods—after a default, banks get insurance money and they start to foreclose behind the families’ backs.”
“People should know what they sign.” “Banksused pressure tactics to get docs signed fast. Banks changed documents after they’d been signed—they even used white-out and tore out key pages such as a co-signer.”
“People need to take personal responsibility for their finances.” “Banksneed to take personal responsibility for their system-wide felony fraud.” “Banks need to compensate families for the millions of homes they've stolen.”
“Homeowners just want a free house.” “Bankswant millions of free houses so they can resell them and restart their casino.” “Banks need the houses back to clear the fraud on their books and redo lost paperwork.”
“Homeowners used their house as an ATM.” “Banks used the American people’s homes as their trillion dollar ATM.”
Occupy Fights Foreclosures, affiliated with OccupyLA, stands up against the nationwide foreclosure crisis. We support, educate and empower homeowners at risk to save their homes from fraudulent foreclosure.