Putting an End to the Foreclosure Crisis in Seattle and King County.
By Olu Thomas (Contact)
I am a victim — like millions of other Americans — of a predatory home loan. I am at risk of losing my home, thereby making my children and me homeless. I ended up here because of a death in the family and an injury restricting my ability to work. The banks refused to negotiate with me when I got into an emergency situation.
The banks claim that they have no legal obligation to negotiate with homeowners, but what about their moral obligations? They have completely forgotten that they were bailed out of their situation. They would rather foreclose on homes and make the people homeless and leave the homes vacant, sometimes for years. They are destroying the fabric of existing communities and neighborhoods. This is setting the stage for crimes and further encouraging gentrification. Housing is a human right.
This is another white collar crime.The banks think they are invincible. They believe they are too big to be fought. Of course they have forgotten the power of collective bargaining! Let us come together and bring down this “Tower of Babel.” There is no power like the power of the people!