Occupy Protesters' Pressure Saves Woman's Home

Redwood City Patch:

Gloria Takla had just eight days before the bank was going to evict her from her home.

But this afternoon, about 30 Occupy Redwood City, Occupy San Jose and other Bay Area residents marched from Takla's foreclosed home to the Chase Bank across Courthouse Square to demand that the banks extend her loan.

After an hour-long negotiation during which protesters occupied the bank's interior, the bank agreed to extend the loan expiration from Dec. 14 to Feb. 14, 2012, a loan she first took in February 2010.

Read the whole story: Redwood City Patch

 

 

Comments

[obry1]

09:28 PM on 12/08/2011

The Occupy movement is starting to adopt an anti-corruption platform that will garner much more respect. An Occupy member's page http://owwc.gu.ma , supporting a business owner who lost millions of dollars to a corrupt officials seems to illustrate this.

[Enuffsaid34]

09:03 PM on 12/08/2011

So they postponed the inevitable. What they wont tell you in this story is that the banks dont want to foreclose on these homes to begin with.It is too expensive to maintain them, especially with no occupants in there. They are liable for insurance, damage and taxes at that point. They are better off to have someone living in them taking care of the property especially since its winter.
The bank didnt do anyone any favors, they are actually creating a temporary win-win. So dont chalk this one up to a major achievement for any OWS'ers.

[Bella Lee]

03:18 AM on 12/09/2011

OWS saved a woman's house from being foreclosed. Be happy

[Enuffsaid34]

11:11 AM on 12/11/2011

Be happy for someone who is allowed to stay in a house (with or without the holidays being upon us) by tactics of a bully (the OWS' crowd)????? If this family cant pay for the house, they have no legal right to be in it. Nobody owes you a home to live in. You have to pay for it like we all do. Sure there are programs out there to help those who cant afford it on their own. Take advantage of those programs but dont bully the banks cause you think you are some new-wave all-rightous self proclaimed 9.9%'ers (yes 9.9%) But nobody owes anyone a house of their very own unless they can afford to pay for it. Foreclosure is just part of the contract to purchase that they signed when they purchased. You pay, You stay! If not, then get out and move along!

[nomobull]

11:34 PM on 12/09/2011

they gave her time to work something out. the least positive is she won't be homeless for the holidays. and if they were so reluctant to foreclose. without being occupied and why are they doing in some cases illegally . and so often.

[Enuffsaid34]

11:16 AM on 12/11/2011

How about we put some responsibility on the general public for a change? How bout we blame people for not paying their mortgage, thus causing the banks to foreclose, which is within their legal rights to do so! If banks are found to be taking illegal actions, then they should be punished as well. However, we simply can not give all foreclosed-upon homeowners a blank check to stay without paying. What lessons will this serve? Oh yeah, just be a deadbeat and they will take care of you. And if they dont, we will twist their arm behind their back and make them give you something.