Submitted by liberateyourcom... on Thu, 09/26/2013 - 20:57
Despite Eviction Orders, Woods Family Stays in Their Home
Take Back the Land Rochester Plans Eviction Defense
Who: Community of Human Rights Defenders
What: Eviction Protest to Stop the Unjust Bank Eviction of the Woods Family
When: Thursday, September 26, 2013 at 11:00am
Where: 394 Webster Ave., Rochester, NY (the 23 year residence of the Woods family)
Why: Because united we can stop the foreclosure machine and elevate housing to human right
Who would do this?: Oklahoma-based MidFirst Bank, worth over $9 billion in assets
On Thursday, September 26, 2013 at 11:00am the Woods Family, Take Back the Land Rochester, and community supporters will protest the heartless policies of mass foreclosure and forced displacement of communities by the banks and foreclosure/eviction of the Woods family at 394 Webster Ave. Thursday is day the first day the City Marshal can come to execute the eviction. Take Back the Land Rochester and other community members are prepared to do what is necessary to stop the eviction and work out a settlement including a possible civil disobedience on an eviction blockade.
The Woods family home is where Glenda and Joseph have lived for 23 years and where they raised their kids. They are willing and able to pay, but Midfirst Bank will next not accept their payments. In 2009, Glenda Woods, like many during the economic crisis, became unemployed and the family had a temporary reduction in income. Although the family resolved their financial difficulties, MidFirst Bank wouldn't work with them and foreclosed on the family. MidFirst Bank is just latest company that have bought and sold their mortgage including Columbia Banking, Countrywide, Aurora, and MERS. Although the house is assessed at just $28,000, for MidFirst, their house is just an investment. For the Woods family the house means everything.
Take Back the Land Rochester is Calling for the End of Government-Sponsored Universal Corporate Mortgage Care
Given that the Woods family is willing and able to pay it may seem like a "Win-win" for the banks to work out an amicable solution and accept their payments so they can stay in their long time home. Unfortunately, in a process sometimes called the "Silent Bailout" MidFirst Bank is profiting from the foreclosure as they plan to receive massive payout from their Federal Housing Authority (FHA) foreclosure insurance. According to FHA, they must evict the families in order to bailout MidFirst Bank. This little known process of foreclosure insurance gives the banks financial incentives to foreclosure instead of working with hard working homeowners and is one of the leading causes of the foreclosure crisis. This is not just the barrier for the Woods family, but the financial dynamics that underpin the vast majority of foreclosures across the country (through insurance provided by FHA, Fannie Mae, or Freddie Mac).
Take Back the Land Rochester is Calling on the City of Rochester to Not Enforce This Unjust Eviction
TBTL is calling on City of Rochester to commit no resources, including police to enforce this eviction. We believe this eviction is completely avoidable and is not only bad for the Woods family, but bad for the neighborhood and the City. We believe the City should partner with residents in foreclosure to work out amicable solution, not mobilize police to enforce evictions that will hurt our neighborhoods. If the City commits its resources to support the Bank eviction the house will quickly deteriorate in on Webster Ave. area and become unlivable, and permanently vacant and until a city-funded bulldozing years from now. This why we are calling on a City Moratorium on Foreclosures.
Like the growing chorus of families in Rochester and across the country, the Woods family is not leaving their home despite the banks's attempt to take our communities by force. In Rochester, Take Back the Land Rochester and community allies have worked to unite tenants and homeowner in foreclosure to fight their homes and structural changes to allow for quality affordable housing for all.