Tag Archives: mortgage squatters

Portland occupiers block foreclosure eviction

Another Portland Homeowner Stands Strong Against Modern Redlining

By Pete Shaw
Portland Occupier

July 28, 2012

Story and Photos by Pete Shaw

When the clock ticks past midnight into Saturday July 28th the Multnomah County Sheriff will be able to enforce an eviction notice issued by the Circuit Court of Multnomah County on the house of Annette Steele of 4022 NE 14th Avenue. But Steele, her family, her friends, and her neighbors are not planning on her going anywhere.

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Shock Therapy for Wall Street: JPMorgan Suspends 56,000 Foreclosures; GMAC and BOA, Many More

By Ellen Brown
The Peoples Voice

“Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them to work out deals that are to the benefit of everybody.”

–Economist Karl E. Case, quoted in the New York Times  

The hits are coming fast and furiously.  Major Wall Street mortgage lenders could soon be falling like dominos – and looking again for handouts.

On September 20th, Ally Financial Inc., which owns GMAC Mortgage, the nation’s 4th largest lender, halted evictions and resale of repossessed homes in 23 states.   Continue reading