We Are Oregon + community working to fight another foreclosure on their neighbor

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From We Are Oregon. Dec. 13:

Community works to fight foreclosure and keep their neighbor

Laurel is facing foreclosure. She has been attempting to work with her bank to save her home but the bank would not work with her.

Laurel, who is disabled and does not have any relatives to care for her, will be left homeless if the bank takes her home. This is an example of the cold banking system that is putting profits before the community.

That’s why community members worked with We Are Oregon to organize a call in to Bank of America to demand that they make Laurel’s modification permanent. Thanks to the community support Bank of America has been singing another tune. They are now returning her calls and putting paperwork together to make her modification permanent.

However, we will keep up the pressure until that last contract is signed and continue to work with others who are losing their homes to bank greed.

Currently, there are 38,176 homeowners in foreclosure in Oregon. Many who are in danger of losing their home slid into foreclosure due the cost of healthcare or unemployment.

Homeowners who miss just a single payment are fast-tracked into the foreclosure process by the banks. Often working out one-sided temporary modification agreements that string the homeowner along with no guarantee of keeping their home. This has devastating impacts on the homeowner who has to deal with the debilitating stress of losing their home but also on the communities who lose longtime community members and have to deal with an empty home in their neighborhood.

It’s time to demand community-centered solutions to the foreclosure crisis. Get involved today!

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