FOR IMMEDIATE RELEASE
WHO: Occupy LA Occupy Fights Foreclosures, Occupy San Fernando, Hermandad Mexicana Panorama City, Occupy Whittier, Occupy the Hood, Rhema, Moveon.org, Code Pink, Occupy Anaheim and Struggling homeowners.
WHAT: Call for a moratorium on all foreclosures, transparency with the settlement moneys and demands money go toward helping homeowners stay in their homes, not towards helping the banks hide their crimes.
WHEN: 10AM Wednesday Sept 4, 2012, Press conference 11:30am
WHERE: Outside Attorney General Kamala Harris' LA office 300 S. Spring Street, Los Angeles CA 90013
OCCUPY FIGHTS FORECLOSURES CALLS FOR AN IMMEDIATE FORECLOSURE MORATORIUM, TRANSPARENCY FOR SETTLEMENT MONEYS, AND DEMANDS THAT THE MONEY GO TO HOMEOWNERS
"Ongoing fraud is kicking homeowners out of their homes while banks help themselves."
LOS ANGELES — Occupy Fights Foreclosures, a subcommittee of Occupy LA, calls on the Attorney General for an immediate moratorium on foreclosures and demands that all of California's $18 billion portion of settlement money with the five major financial institutions go toward helping homeowners stay in their homes, instead of helping banks bury their crimes of fraud.
Last week Shaun Donovan went along with the lie by announcing, "the banks are going in the right direction", said Donovan. "This will deliver real relief to consumers."
Occupy Fights Foreclosures homeowner advocate Carlos Marroquin disagrees, " Short sales accelerate the removal of homeowners from their homes and benefit only the banks." While banks claim that they already have spent $10.5 Billion in consumer relief, we are left to trust in what they are telling the public, said Marroquin.
While families are losing hope and losing their homes, almost all foreclosures have been found to have suspicious documentation or legal violations according to February's audit by the San Francisco County Assessor-Recorders office. An immediate moratorium would protect homeowners from these ongoing unlawful and fraudulent foreclosures.
"These foreclosures are Wall Street's version of burying the bodies in cement, says Suzanne O'Keeffe, writer, filmmaker and Occupy Fights Foreclosures activist. "It is up to the people not to allow this to happen. We see bank fraud in virtually every case we investigate."
California Attorney General settled for $18 billion and Occupy Fights Foreclosures demand for transparency in the settlement moneys.