December 27, 2013
At its last meeting of 2013, by a vote of 4-2, the Richmond City Council moved further along on its plans to stabilize our neighborhoods by restructuring the mortgages of underwater homeowners. Under the plan, mortgages would be reduced to a reasonable level that reflects their current value, which will give underwater homeowners some equity in the home and mortgage payments they can pay.
November 23, 2013
On Nov. 7, 2013, the University of California, Berkeley, held the 17th annual Mario Savio Memorial Lecture at Wheeler Hall. Each year, the lecture is geared to bring up points based on different grassroots issues that hold common interest across the nation. During the lecture, the Mario Savio Young Activist Award is given to the national winner of the competition.
September 30, 2013
The City of Richmond is working with a group called Mortgage Resolution Partners. This company looks at underwater mortgages and offers the current lenders – banks, mortgage companies – to take the property off their hands at its current lower value and then lower the mortgage payments for the family living in the house.
September 14, 2013
Tuesday night, Sept. 10, the Richmond, California, City Council held a meeting packed with hundreds of community members who rallied to defend the Richmond CARES principal reduction plan that has inspired hope nationwide and a Wall Street-led campaign of threats, litigation and a deceptive election-style effort to sway public opinion. The City Council voted 4-3 to form a Joint Powers Authority to enact local principal reduction.
September 4, 2013
About 40 Bayview Hunters Point residents, including about a dozen small children, rallied in the park at Lillian Court in the Shoreview housing complex on Thursday, Aug. 29, to demand that it be rendered usable and safe for children. The grass there is yellow and parched, broken glass could be seen by the picnic tables, and a large area of the park, where there used to be a play structure, has been fenced off for more than 10 years.
March 28, 2013
The Alliance of Californians for Community Empowerment (ACCE) is at the forefront of the resistance to the foreclosures and illegal taking of homes by the banks. ACCE, the Center for Popular Democracy and the Home Defenders League released a report March 12 entitled “California in Crisis: How Wells Fargo’s Foreclosure Pipeline is Damaging Local Communities.”
October 4, 2011
It’s become standard procedure for real estate companies and their eviction attorneys to “move quickly to take the homes from these homeowners, harassing and scaring them, using guerrilla tactics like threatening to get the sheriff to remove them in four hours. But if we all stay together,” Delia Aguilar, an organizer with the Bay Area Moratorium (BAM), said, “we can defeat them and keep our homes.”