Tables Turned: A Collier County couple turns the tables on Bank of America, the bank that tried to foreclose on their home. Now, the family is foreclosing on the bank! Even bringing trucks and deputies ready to seize property.
Tables Turned: A Collier County couple turns the tables on Bank of America, the bank that tried to foreclose on their home. Now, the family is foreclosing on the bank! Even bringing trucks and deputies ready to seize property.
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democracynow.org – As Freddie Mac comes under scrutiny for betting billions on investments that profit if homeowners they issued loans to are locked into high interest mortgages, we speak with Arturo de los Santos, a US Marine veteran who was evicted last year in Riverside, California, after Freddie Mac and JP Morgan Chase foreclosed on his house last June. “We were trying to get the bank’s attention to review our case again. We could not believe that after they had evicted us, they modified our loan,” de los Santos says. “I called them and I told them, ‘I thought we were doing the loan modification.’ And they go, ‘Well, we have a loan modification department and a foreclosure department, and the foreclosure department decided to sell the house.’ So they sold the house.” De los Santos and his family re-occupied their home in December with help from the Occupy movement, but face eviction again this week. Towatch the complete daily, independent news hour, read the transcript, download the podcast, and for the additional Democracy Now! reports on the Occupy Wall Street movement, visit www.democracynow.org FOLLOW DEMOCRACY NOW! ONLINE: Facebook: www.facebook.com Twitter: @democracynow Subscribe on YouTube: www.youtube.com Listen on SoundCloud: www.soundcloud.com Daily Email News Digest: www.democracynow.org Please consider supporting independent media by making a donation to Democracy Now! today, visit www.democracynow.org
