We will honor Dr. King’s legacy by continuing the fight for economic justice!
Join us to protest the Foreclosure Auction Protest of the Medina family home on MLK Day!
Medina Family Auction Protest
MONDAY JANUARY 16TH, 2012 – 1:30 PM
187 Connecticut Avenue, Springfield, MA
Alba Medina lives with her son Edwin at their single family home in Liberty Heights in Springfield. In January, 2008 she bought her home with a predatory subprime mortgage from Bank of America for $112,000. The mortgage broker signed her into an loan where her two mortgage payments would equal 58% of her stated income on her application. Further, the second mortgage included a balloon payment of more than $15,000 that would be due after 15 years. This type of loan is a classic example of the types of predatory loans that banks like Bank of America gave out that caused our economic crisis. Eventually, the payments became to difficult for Ms. Medina to keep paying as she struggled to balance her bills with her mortgage on a fixed income.
Now Bank of America wants to foreclose on her home on a state & federal holiday – Martin Luther King Jr. Day!
We will gather to protest this foreclosure auction in honor of Dr. King’s legacy and make clear that we will fight any attempt to displace the Medina family from their home! JOIN US!
Other upcoming actions in the Bank Tenant Movement:
THURSDAY JANUARY 19TH @ 12:30 PM
PUBLIC FANNIE MAE/FREDDIE MAC SHAREHOLDER BOARD MEETING
Taxpayers bailed out Fannie Mae & Freddie Mac with hundreds of billions of our taxpayer money. Fannie & Freddie are now 90% taxpayer owned. Fannie and Freddie should act in the best interest of their stakeholders & owners – us! Join us for a public shareholder board meeting to hear testimony from victims of Fannie & Freddie and vote on proposals that are in the best interest of the majority shareholder of Fannie & Freddie – The People! We will take a public vote on the following proposals to deliver to Fannie & Freddie:
- Fannie & Freddie should suspend all no-fault evictions after foreclosure and accept rent from residents after foreclosure immediately!
- Fannie & Freddie should reduce principal in loan modifications for underwater homeowners
- Fannie & Freddie should agree to sell back homes to former owners at the current value to keep homes occupied!
More info to come on this action, but mark your calendars.
Peace and much love
Springfield No One Leaves/Nadie Se Mude Campaign