There is positive news since yesterday’s update, which reported that Fannie Mae had offered Jennifer Britt a two-year lease agreement at $785 a month. While this was a positive step away from Fannie Mae’s previous refusal to consider anything except eviction, it also fell short of the offer Southwest Housing Solutions had made to buy the house and keep Jennifer and her family in their home under a buy-back agreement. Jennifer made a counter-offer on Tuesday that would provide a path to ownership of the home she and her family have lived in since 1999.
Today, a few hours before the weekly meeting of the Eviction Defense Committee, the lawyer for Fannie Mae contacted Jennifer’s attorney and agreed to continue negotiations on the counter-offer. As a first step, Fannie Mae will conduct a formal appraisal of the property. During the vigil, Fannie Mae had directed one of its real estate contractors to conduct a “Broker Price Opinion” of Jennifer’s house, which amounted to little more than a drive-by appraisal. Fannie Mae will now conduct a formal walk-through appraisal as a first step towards a possible settlement that restores Jennifer’s ownership of the home in which she and her late husband invested over $100,000.
It is a tentative victory for Jennifer and a testament to her courage and strength in resisting the greed-driven agenda of Flagstar Bank and its co-conspirator, Fannie Mae. The Eviction Defense Committee of Occupy and the Rosedale Park community can take pride in what we’ve helped Jennifer accomplish so far. We have, for the time being, won a small skirmish in a larger war that is still going against us. While negotiations continue, the anti-eviction vigil we sustained for nearly a month is suspended.
Hope to see you at the rally at 3 pm Friday the 24th at the Federal Building, Michigan Avenue and Cass, calling for Congressional hearings in Detroit on Fannie Mae’s support for bank profiteering at the expense of homeowners. At 4pm we’ll march to the City-County Building to protest the same banks-before-people agenda that privileges debt servicing over city services.