Posted on 09/26/2009 6:55:07 AM PDT by outpostinmass2
Frances Louis last week lugged her belongings into an empty and unlocked three-story townhouse in Roxbury that she does not own nor rent, intent on taking over the bank-owned property and making a statement.
She claims to have a “moral’’ right to live in the newly renovated building on Cobden Street, a four-bedroom unit seized in June by a Wisconsin bank because the owner failed to make mortgage payments. It’s one of many foreclosed and vacant properties in the neighborhood.
“Now is the time for banks to step up and help families instead of putting them out,’’ said Louis, 41, who needed a place to live after losing her home in Mattapan to foreclosure. “There are all these vacant, empty places for no reason.’’
Louis is staying in the townhouse with her 10-year-old son and members of the Jamaica Plain group City Life/Vida Urbana, which has attempted to prevent foreclosure evictions by having people chain themselves to properties. The Cobden Street “occupation’’ is different because no one was being evicted. It marks the first local example of the more militant tactics being used by housing activists nationwide, who say lenders are culpable in the foreclosure crisis.
(Excerpt) Read more at boston.com ...
BadChile wrote: [The following is based upon my own research at MassLandRecords, which contains publically available information. There is only one set of property records under the last name “Louis” for all of Suffolk County dating from 1977, with the first name of “Frances”, as such it is reasonable that this is in fact her former property.]
The Roxbury home Frances Louis “lost to foreclosure” was purchased in June, 1999 for $135,000, with a mortgage for $134,900 – she put $100 down. In July, 2001, a lien was filed on the property based on an outstanding judgment for over $5,000 to Newbury College dating to 1988. In March of 2002, the mortgage holder filed foreclosure notice against the property. In May of 2003 another foreclosure notice was filed after the ownership of the mortgage bounced around various companies.
Interestingly enough, neither one of the foreclosure notices was acted upon by the state.
Instead, another lien was placed on the property (under the first name spelled “Francis”) for over $5,000 by Boston Edison in August, 2004.
Finally, in September, 2004, the property was sold – by Ms. Louis – for $214,000. She made a healthy profit, even after fulfilling her 16 year old debt to Newbury College and the month old judgment against her by Boston Edison.
In other worse, it was never sold in a trustee sale, never taken over by the bank; she was never kicked to the curb. She was never a victim; instead, she made $80,000 from the sale of a private home, despite having two foreclosure notices and two judgments for failure to pay debt against her in a little over five years. 9/26/2009 7:16 AM EDT Recommended (27) Report abuse
When i saw she had decided her own private moral code and was imposing it on those around her, I knew something was up. She’s above the simple Judeo Christian code, oh no, it’s not good enough for her.
At all costs, stay out of that woman’s gene pool. Her ignorance is terminal.
Communist agitators.
Another member of the “It has to be for free or it ain’t for me” club.
Good find! Of course I love the last line in the story where she claims to be able to buy the townhouse soon because... “We are in the position to purchase it,’’ said Louis, who has a temporary job in the convention industry. “I’m not going nowhere.’’
First the ‘community organzers’ strong armed banks into giving no doc, liar loans, etc in the name of helping the ‘poor’. Now the ‘community organizers’ are just resorting to squatting to get the homes, bypassing the banks entirely.
It sure would be funny to set off a "bug bomb" in the opposite corner of the room and see how fast she tries to unlock herself.
Frances Louis last week lugged her belongings into an empty and unlocked three-story townhouse in Roxbury that she does not own nor rent, intent on taking over the bank-owned property and making a statement.She claims to have a “moral" right to live in the newly renovated building
Oh really, a 'moral right'.
Well Frances. some other people may feel they have a 'moral right' to exterminate you like a Rat, Cockroach or any 'Vermin' that invades their house to "live". Empty, or not.
These gubmint layabout teat suckers think life is a game of, 'Finders - Keepers'.
A not inappropriate response to infestation by bipedal roaches.
So that's what the banks "owe" you. What do YOU owe the banks?
If you could find that out, you'd deserve an FR Pulitzer.
Maybe she is driving a rather expensive auto.
Yep
She probably got her loan from the bank in Roxbury that bought all the executives Porches - using taxpayer money of course.
Who ever gives her a loan should go to jail.
Barney Frank probably would.
The current owner bought the house at foreclosure for 175k received a FHA rehab loan for 299k, you the taxpayer after eating the mortgage losses (bank Bailout) gets to do it all over again...
“The FHA has effectively replaced sub-prime lenders who went bust. They’re under pressure to prop-up housing prices, and are insuring heaps of risky loans in an effort to do so. Their guidelines are slipping and loan-volumes are skyrocketing. Delinquencies are skyrocketing too, reaching 14.4% in the 2nd quarter of 2009, according to the NYT (borrowers at least one payment late).
Even more shocking is this number: In 2009 FHA has insured 23% of all new mortgages. That’s up from 2% in 2006 (source: LAT). That spells big trouble down the road. FHA loans have gone from being a small piece of the market with conservative guidelines to Countrywide-reborn.”
Apparently there are a lot of people like me in the Boston are. Check out the comments under the story at Boston.com
If she ever goes outside, I would use my own moral code to take over and move all her stuff out of my new house. A locksmith would install new security. Then I would turn the house over to its former (before her) owner. And send them a bill for pest removal and lock repair.
They have their morality to their God - themselves.
Just try to discuss the enforcement of our Christian morality with them and watch and see how long any “Moral Code” remains.
They are simply seeking to co-opt the vernacular of those they oppose so that they can use it against them to get from them whatever they want.
BadChile should understand that if the Globe had done any of that research, there wouldn’t have been a story.
Useful idiot. They're a dime a dozen.
She "worked" so she'd never have to pay her mortgage, never have to put gas in her car.....
<I find it interesting that she only exercises her rights on a newly renovated home, not a decrepit one
I noticed that too. I once had a client who inherited some properties, most of them in terrible shape. One house had holes in the floor and walls, no electricity, no gas, just terrible. A squatter family had moved in, run electricity illegally (god forbid they not have a TV) and wanted my client to fix up the place so they could stay! It was a mess, as my client, a poor single mother, didn’t want to evict a poor family, but the family was trying to get away with paying like $100 a month. Jeez.
I have 20 grand ready to buy 300 acres of good old New England White Pine.
Thanks for the background info.
It got me interested and I was reading the comments at Boston.com when I got a pop-up window that tried to download a trojan.
I don’t think that I’ll be going back to that site again!
Makes my blood boil.
Yeah, but what are the chances of there being confiscatory property tax rates everywhere pretty soon?
Very, very high chances. The NEA will insist that its members not take pay cuts.We actually will have the chance to be rid of them from what they call our schools.
Squatters like her don’t seem to get that once you choose to ignore the law, you are outside the law, and some big BAD dude who decides he has more moral right to the place you are now ‘occupying’ than you do can just kick you out and move in.
And Frances/Francis ... NO ONE will care or help you.
Hey, I was in Grand Rapids yesterday!
I didn’t see any comments supporting Ms. Louis in her quest for social justice. Interesting debate about whether this is Frances Louis the mother or the daughter.
They’re not journalists any more... they’are advocates.
“Louis is staying in the townhouse with her 10-year-old son and members of the Jamaica Plain group City Life/Vida Urbana, which has attempted to prevent foreclosure evictions by having people chain themselves to properties.”
They have to go potty sooner or later. Unless... ewwwww!!
More:
HardRains wrote:
Bad chile’s information is correct however he left out the best part ; The current owner bought the house at foreclosure for 175k received a FHA rehab loan for 299k, you the taxpayer after eating the mortgage losses (bank Bailout) gets to do it all over again...
“The FHA has effectively replaced sub-prime lenders who went bust. They’re under pressure to prop-up housing prices, and are insuring heaps of risky loans in an effort to do so. Their guidelines are slipping and loan-volumes are skyrocketing. Delinquencies are skyrocketing too, reaching 14.4% in the 2nd quarter of 2009, according to the NYT (borrowers at least one payment late).
Even more shocking is this number: In 2009 FHA has insured 23% of all new mortgages. That’s up from 2% in 2006 (source: LAT). That spells big trouble down the road. FHA loans have gone from being a small piece of the market with conservative guidelines to Countrywide-reborn.”
So the FHA has replaced Fannie Mae in the interim. I heard it’s near insolvency.
And they ran ya outta town, again, that’s what I heard. ;’)
I think my bank (well, one of ‘em) wants me in the stimulus pool, I got an unsolicited call during the week sometime, kinda garbled. Didn’t call the guy yet.
I think my bank kinda hates me. The manager tried to sell me on some new credit card program they had going back in August—this, after they raised my credit rate from a fixed 7.99 to a variable 12.99 OVER PRIME. I let the manager know that I’d paid off my only card and would have my home equity loan paid off in under 30 months, more than five years ahead of schedule. Fool me once, yadda yadda!
They are often just the most vicious liars. One credit card I had sent me yet another offer to transfer higher-interest balances to them (those checks) and then within a week notified me that my interest was going up to 22 per cent. I threatened them with those facts (basically, they had just told me I’d get a lower rate, then told me they were raising my rate for no reason) and with the prospect of having to answer a lot of questions by federal agencies.
They didn’t raise my rate.
Eventually I paid it off, and left the account inactive for a couple of years. Finally they sucked me in again (balance transfers), and I’ve got a payoff figured for, well, a while yet. :’) It’s surprising I live beyond my means, considering how much time I spend online and hardly ever *buy anything* online.
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