In this video, Detroit residents rally to save their neighbor from foreclosure.
“The crime wave that is going on in this neighborhood is a crime wave by the banks that are evicting people unfairly instead of modifying their mortgages and doing everything they can to make sure they stay in their homes,” one neighbor says.
I wanted to note that the particular bank involved is Wells Fargo, one of the leading villains of the foreclosure crisis. In Cleveland this $25-million bailout recipient refuses to appear in court for code violations on its bank-owned properties, dragging down property values for responsible homeowners across the city.
Recently a former employee of this bank testified that its employees purposely steered black homeowners toward subprime mortgages although many times they qualified for prime loans.
Thanks to Nick Helmholdt of vacantpropertyurbanopportunities.blogspot.com for bringing this to my attention.