Rep: Foreclosed owners should squat in their own homes

Dandelion Salad

David Edwards and Stephen C. Webster
The Raw Story
Friday January 30, 2009

If you’re poor and the bank is coming for your home, Congresswoman Marcy Kaptur has a plan for you.

Just squat, she says.

Yes, this Ohio Democrat is actually encouraging her financially distressed constituents whose homes have been foreclosed upon, to simply stay put.

[…]

via The Raw Story | Rep: Foreclosed owners should squat in their own homes

see

Kucinich: Save America’s Homes

12 thoughts on “Rep: Foreclosed owners should squat in their own homes

  1. Pingback: Bill Moyers Journal: Simon Johnson and Marcy Kaptur + Health industry lobby + Charlie Houston « Dandelion Salad

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  3. Thing is….I don’t believe in stealing either. If someone can afford their mortgage they should continue to pay of course. So I think communication with the loan holder (if they can present the note) should be maintained, try and work something out, and only single family one residence owner who are indeed soon to be on the streets with families allowed to remain in their homes, which are listed with a realestate broker. The owner of the home should be on record and doing everything within their means to meet their obligation. Investors in multiple dwellings are something else except as was noted above with the renters of investment property.

  4. During the Great Depression, the banks stopped trying to collect much less foreclose, as it became futile to do so, and not in their best interests, which is of course all that matters to them. Why not squat? It is better than empty and abandoned homes which further destroy value not only of the other real estate, but more importantly of the overall quality of life. What about the children? Individuals must think themselves into solutions because the greedy financiers who caused this will never care what becomes of people, to them only numbers matter.

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  6. Renters are also being evicted from those foreclosed homes and are getting the attention of some govt. officials – last October Cook County, Illinois, Sheriff Thomas J. Dart had suspended evictions on renters in foreclosed homes until he reached a deal with a local chancery court to protect the tenants whom he felt were being victimized.

  7. This is largely a problem created by the loaning bank or predator brokers. Let them eat the mortgages. They can’t sell the foreclosed homes any way, because no one is buying accept people like the Rockerfellers and the other super rich. And they will try to buy for pennies on the dollar.

    It is good to know that there are at least a few good people in Congress.

    As for the first commenter: may he lose his job and be left with[out] an income. Then we will see if he changes his hard-hearted attitude.

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  9. Circumstances are everything. Home owners experience a loss of income due to businesses downsizing, replacement jobs at the same rate of pay are not readily available, they put the house up for sale, but no one is buying, and they are not part of the financing group who made a committment to a loan they knew, and the lender knew ,was over their heads, even if they did…it is a result of the economy for the most part and it seems to me people out on the street, in shelters or looking for rentals with destroyed credit ratings is nothing any good can come from. With transitional job income they can pay some amount of payment on their own home, or force the lenders to renegotiate, or reposes the home but rent the home to the current owner occupant for a reasonable time like 6 months or more until the economy is sorted out. Homeless families cannot be the answer.

  10. That sounds just like what I would except a far left wing democratic liberal to say. If they were / are that poor they could never really afford a house mortgage in the first place. Put them out, they should have been renting all along anyway.

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