Santa Rosa bankruptcy attorney: Folks facing foreclosure are home for the holidays
Occupy Petaluma is lauding the announcement of a holiday moratorium on foreclosures,
The Press Democrat reports. Fannie Mae and Freddie Mac announced a two-week halt to actual evictions, from Dec. 19 to Jan. 2.
CNN reports that the Big Banks will also hold off on foreclosure evictions during the period, although as always with banks there is plenty of wiggling.
Chase was the only major bank to commit to a full ban on evictions. Both Wells Fargo and B of A said they would not evict on their own loans but would still proceed when they are the servicers of other loans.
The foreclosure mortatorium is something Occupy movement across the state have been pushing for. Notes Steve Scauzillo in the San Gabriel Valley Times:
"Occupy leaders now demand: a moratorium on all foreclosures; a re-examining of complex laws that clearly favor banks; courts to examine foreclosure documents, many of which they say are fraudulent or in error."In California, banks don't have to prove they own the property and the judge will grant an eviction. This is so wrong," he said.
Bringing fairness to foreclosure evictions is a worthy battle for the Occupy movement, far more than occupying city parks all winter.
