When my monthly mortgage payments jumped from $800 to $1300, I contacted US Bank right away to see how I could modify my loan. They told me there was nothing they could do until I missed a few payments--so I took their advice and went into default. But they sent me the wrong paperwork for a modification--and instead of working with me to correct their mistake, they foreclosed on my home of 13 years.
Can you sign my petition asking US Bank and Freddie Mac to negotiate?
I thought there was nothing I could do until I met my neighbor Caylin Crawford, who was fighting the banks with Occupy Homes MN. Caylin had also been foreclosed on by US Bank and Freddie Mac. And, oddly enough, she had also fallen into foreclosure because US Bank had told her to stop paying her mortgage.
Please sign my petition asking US Bank and Freddie Mac to negotiate!
Caylin won a settlement from Freddie Mac to stay in her home, and I'm still fighting. But what happened to Caylin and me wasn't an accident. Wall Street banks targeted our communities to take away our homes. And despite increasing evidence revealing fraudulent activity and two federal settlements, no Wall Street executives have yet been prosecuted for their crimes against our communities.
As a mom, I know that without consequences, there are no changes in behavior. But the Obama administration insists that the banks are "too big to jail." That's why I'm going to Washington, D.C. next week to join with homeowners around the country at the Department of Justice to demand the Obama administration prosecute the Wall Street executives who crashed our economy. Only with a strong showing of victims of the banks' greed from around the country can we get the Obama administration to show the banks there are consequences for their actions.
Read more about our national week of action in Washington, D.C. May 18-23 here.
Dear JP Morgan Chase,
My name is Jaymie “Jayne D.” Kelly and I was born in the house on the other end of the block from where I currently live. I lived in that house for 24 years. To assert my independence, I moved half a block down and rented a 1 bedroom right next to my brother’s family. When my late husband and I married in 1979, we wanted to buy a house near my elderly parents to help care for them. We jumped when this house became available, excited to raise a family on the same block where I have lived for 55 of my 63 years. Now, Chase Bank wants to throw me out.
My name is Ann Haines and I live at 1311 Seminary Avenue St. Paul Minnesota. I have lived there for 13 years. We have had holidays, birthdays, baptisms, grieved the loss of loved ones, and a wedding celebration in our home. I have nursed broken bones, chicken pox, wisdom teeth removals, and asthma attacks in this home. I have opened our home to children who didn’t have anywhere to else to go, whether for 3 days or 3 months. We’ve laughed, cried, fought, hurt and celebrated together in our home.