Posted on 12/06/2011 1:38:03 PM PST by 2ndDivisionVet
In more than two dozens cities across the nation Tuesday, an offshoot of the Occupy Wall Street movement took on the housing crisis by re-occupying foreclosed homes, disrupting bank auctions and blocking evictions.
Occupy Our Homes said it's embarking on a "national day of action" to protest the mistreatment of homeowners by big banks, who they say made billions of dollars off of the housing bubble by offering predatory loans and indulging in practices that took advantage of consumers.
In Atlanta, Occupy Our Homes activists went to the courthouses in three of the area's largest counties, DeKalb, Gwinnett and Fulton, Tuesday morning to disrupt the foreclosure auctions happening there.
"We're using our voices, whistles and other noise. The auctioneers don't know what to do and some of the buyers left," said Tim Franzen, an Occupy Atlanta spokesman. The group is demanding an immediate moratorium on all foreclosures, he said....
(Excerpt) Read more at money.cnn.com ...
This is why they make short barrelled shot guns.
Please...someone arrest these uncivilized parasites. Their 15 minutes of fame is long over.
Buy on the spot and let the fun begin kicking their asses out.
Agree. It is beyond time to go wild west on the occupiers.
AKA as “Squatters”
now they have ones that squat to poop on police cars and ones just looking for a free place to stay besides mom’s basement.
The homes at least have toilets. Remains to be seen if this crowd will use them, however.
leave some soap in each empty home and hope for the best.
Anyone who coined the phrase “predatory lending”?
"I can afford $800 or $900 a month; I can't afford $1,200 to $1,500," said Hull.
Here is the Zillow link to Bobby Hull's home. Today it is worth $154K. The most it was ever worth was $232K.
Bought by his mother in 1968 and later deeded to Hull.
In 1968 30 year mortgages were rare, 20 year mortgages were the norm. The house should have been paid off in 1988. My guess is Mr Hull did a cash out refi of about $200K about five years ago. Since he gives a range of $1,200 to $1,500, it suggests he is on a variable interest rate. But rates have fallen, so it is probably closer to the $1,200 now. Still, he had to take a lot of cash out to get to that monthly payment.
Maybe he did it to fund his business, or who knows. But now he has to pay.
It is hard to have sympathy for someone when they do not tell you the details of their problem.
They should occupy Frank, Dodd and the SEC - and the rest of those that allowed these loans to be marketed. The sucking sound you hear is the big banks sucking the middle class dry as we read and type. The attorney gen’s of California and Nevada have just joined forces to investigate the fraud that has caused, and is still causing the housing market to collapse.
With apologies to bob Dylan:
There’s something going on here
But you don’t know what it is
Do you, Mr. Occupy?
How to keep the OWS from a foreclosed house - leave soap in the homes. It is just like garlic for vampires.
How to keep the OWS from a foreclosed house - leave soap in the homes. It is just like garlic for vampires.
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