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Homeowner taps 'Occupy' protest to avoid foreclosure

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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-11 07:46 AM
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Homeowner taps 'Occupy' protest to avoid foreclosure
http://www.msnbc.msn.com/id/44908122/ns/us_news-life/

LA PUENTE, Calif. — Rose Gudiel and her family were squatters in their own home. They had lost a two-year battle against foreclosure, and the eviction date had arrived. They hunkered down in the house on Sept. 28, surrounded by dozens of homeowner advocates and friends, hoping to stave off forcible removal.

“(The bank) kept saying we can’t do anything. Your case is closed,” said Gudiel. “Our stand was, ‘No, we’re not leaving. This is our home. We worked hard for it and we’re just not going to leave.’”

But instead of the anticipated confrontation, there was a dramatic reversal of fortune. Fanny Mae canceled the eviction notice and offered the Gudiels a loan modification that could enable them keep their home.

Why? Fannie Mae and loan servicer OneWest won’t discuss the case. But nonprofit advocates say a series of bold protests — with reinforcements from the “Occupy Wall Street” movement — and a spate of media interest put Rose in the limelight and forced the banks’ to back down.

more at link...
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ProgressiveProfessor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-11 08:22 AM
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1. Duplicate thread
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Howler Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-11 11:00 AM
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2. YAY!!!!!
Power to the people!!!!:headbang:
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nc4bo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-17-11 11:03 AM
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3. Very good. I'm so happy for this woman and her family!! nt
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