Tag Archives: moratorium now

People’s Forum – What Is Next?

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  November 10, 2012 - 6:39 am |
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Come one, come ALL to this very important meeting of the minds. The big question: Where do we go from here?

People's Forum Nov 11

Are you geared up for the People’s Forum?

This is NOT just for “Occupiers”. The Occupy movement has had great successes in helping to awaken new activists, changing the dialogue of the country, and contributing to the collective voice of the 99%. But most importantly, in Detroit, we have successfully collaborated with other amazing groups (such as Stand Up For Democracy, Free Detroit No Consent, This Hood of Ours, Moratorium Now, Housing is a Human Right, BAMN, to name a just a FEW) to help educate, raise awareness, and keep people in their homes.

Now is the time to open our minds and listening for more issues. Time to join forces with likeminded folk and tackle what is plaguing Detroit and surrounding communities. On Nov 11, we will be deciding future directions and collaborations. What are YOU passionate about? Continue reading →

Act Now to Prevent Eviction

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  July 6, 2012 - 9:43 pm |
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If We don’t act NOW 
Jennifer Britt will be evicted from her Rosedale Park home
by Fannie Mae & Flagstar Bank anytime after July 4

Taxpayers bailed out Flagstar and the feds took over Fannie Mae in 2008. They were “too big to fail,” but now they invoke “market discipline” to justify evicting Jennifer Britt’s family.

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PR: Demonstrate at U.S. Bank in Detroit

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  June 15, 2012 - 6:53 am |
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FOR IMMEDIATE RELEASE
Contact 313-680-5508

STOP THE BANKS ROBBERY OF DETROIT – MONEY FOR JOBS AND HUMAN SERVICES NOT THE BANKS — SUSPEND THE CITY’S DEBT SERVICE TO THE BANKS

DEMONSTRATE AT U.S. BANK’S DETROIT OFFICE

Friday – June 15, 2012 – 4 P.M.
535 Griswold St. (Buhl Bldg. at E. Congress, downtown Detroit U.S. Bank

Governor Snyder’s threat this week to turn over Detroit’s $80 million in revenue sharing to U.S. Bank, exposes what the Public Act 4 and Financial Review Team are all about. They are meant to insure that the City’s $16.9 billion ($4.9 billion in interest/profit) gets paid. City jobs and services are to be eliminated so the same banks that destroyed Detroit’s neighborhoods now get first lien on the City’s treasury.

Mayor Bing and the media created a frenzy over the Corporation Counsel’s lawsuit saying it would cause the City to go broke as of Friday, threatening payless paydays for the workers. After the lawsuit was dismissed it came out that what Bing was really worried about was making a $34.2 million bond payment to the banks. Continue reading →

National conference for two-year moratorium on foreclosures and evictions

  March 31, 2012 - 7:33 am |
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Disgusted with the government’s wimpy efforts to stop too-big-to-fail, bailed-out banks from rushing to take away families’ homes, weary of fighting case by case against huge corporations on behalf of the most vulnerable, activists across the spectrum are calling for a national, two-year moratorium on foreclosures and evictions.

They met Saturday, March 31, at a 9am-6pm conference, organized by the Moratorium NOW! coalition, on the second floor of the Central United Methodist Church on Adams at Woodward in downtown Detroit. Coalition members include People Before Banks, Occupy Detroit, labor unions, and community and church groups.

Their aim: to halt all foreclosures, and evictions of people whose homes are already in foreclosure, for two years. The ban could give millions of people a real opportunity to renegotiate their mortgage payments and/or reduce the principal mortgage debt when it’s more than a house is worth. It could help stabilize neighborhoods and property values across the nation.

Their means: sharing legal strategies from past confrontations with big banks and designing a campaign to demand and win the moratorium.

Such a moratorium wouldn’t be the first.

During the Great Depression in the 1930s, 25 states enacted moratoriums on foreclosures. The Michigan Moratorium Act gave an automatic, five-year stay for anyone facing foreclosure. Monthly mortgage payments were decided by a judge, based on a homeowner’s ability to pay.

The moratorium laws were upheld by the U.S. Supreme Court under a decision that the people’s right to survive an economic emergency superseded … [read more] Continue reading →