Jocelyn's House Saved From Mortgage Auction

Promoted. -- GH

Now she has the time to Grieve for her Son, Killed in Iraq only a short time ago, Her Reality!!

I was just sent the following:

Friday was an historic day. At 11am, Jocelyne Voltaire was scheduled to lose her home in Queens Village, the home she had lived in for the past 20 years, the home where she raised her four children. Unable to keep up her skyrocketing mortgage payments, Jocelyne watched in horror as her home was put on the auction block. This amazing video clip by American News Project brought Jocelyn's plight to our attention.

At 9:05 am EST, we sent out an urgent call to our CODEPINK list. Our jaws dropped when we saw the response. Donations of $5, $25, $500, even $1,000! Within an hour, we had raised over $10,000. And the money kept pouring in, along with beautiful messages of support.

Jocelyne was moved to tears. And the mortgage bankers, with our immediate promise of $15,000 at 11am, were "moved" to stop the auction.

We did it!!! While our government has taken billions of our tax dollars to bail out the wealthy, we came together to bail out a desperate mother. Thanks to you, in one day we raised over $30,000 from 650 donors and showered Jocelyne with love and compassion. We modeled exactly what we want our government to do-bail out families facing personal disaster, not financiers.

Jocelyne still faces enormous hurdles, both financial and emotional. She has to pull herself out of a deep depression from the loss of her eldest son, a Marine who had served in the Gulf. She has to recover her health so she can start working again. She has to fix up her home so she can get renters to augment her income. And she still has to renegotiate her loan and make monthly mortgage payments.

But thanks to you, Jocelyne now has another chance. We found a wonderful pro-bono lawyer to help her battle the predatory lenders and restructure her loan. And after wiring the mortgage company $15,000, we will use the funds that keep coming in to help Jocelyne make her monthly payments and get back on her feet.

As we write, Jocelyne is feeling exhausted but renewed. She is ready to unpack the boxes she has been living out of for the past year. She now feels surrounded by people who want to lift her up, not toss her out. And she wants to use her experience to help others. At the press conference we held at the courthouse steps, surrounded by dozens of cameras, Jocelyne said: "To all of you facing similar disasters, don't be silent, don't be ashamed. Step forward and call out for help. That's what I did, and a miracle happened. These angels came to help me. We all have to pull together and help each other."

You are those angels and we at CODEPINK are in awe of you-your generosity, your compassion, your willingness to stand up for Main Street Americans. Now let's pull together in the coming months, as Jocelyne asked us to do, and move our government to do the same-bail out Main Street, not Wall Street.

Thanks for making miracles happen. Here's to Jocelyne, to you and to solidarity.

Dana, Deidra, Desiree, Farida, Gael, Gayle, Jean, Jodie, Liz, Lori, Medea, Nancy, and Rae

I had just woken from a nap, and was just going to post sommething, after doing abit of searching, about this. But I'll use the E announcement and see what else I can find.

This is the Video about what was happening:
Foreclosed Home Front: One Mother's Struggle

I had it in another post I've been trying to get up at my site, but the code change that the American News Project gives you to stop the video's from automatically starting doesn't work, so waiting to hear from them.

But I also had this in that post:

How Wall Street's Scam Artists......

The subject title is the first part of an Alternet post that finishes with Turned Home Mortgages Into Economic WMDs which is but a part of what brought about not only the collapsing economy here but in the money markets around the world, and in peoples lives.

The titans of high finance are trying desperately to shift blame for the crisis onto others, but this dead cat lies squarely on their doorstep.

And as we know more is coming out but still leaving most in a fog of what's coming, even the so called experts, most who put us here.

McClatchy and the American News Projecthave a series of video reports called Fallout on Main Street:

You can visit the McClatchy link to view a number of the Video reports.

And tonight, 10-18-08, as well as tomorrow, CNN introduces us to some of those who are plying the money game of the new capitalism that was created, top down, trickle down economy, on Wall Street.

CNN SIU: Fall of the Fat Cats

As the market tanked, the champagne flowed. CNN takes you inside the lives of Wall Street's rich and shameless. Watch an all new CNN SIU, Sat & Sun, 8 p.m. ET.

From the few cuts I've seen on this it looks to be interesting and rage invoking, lets hope those reporting aren't also caught up in the glitter of the false reality and give the straight facts about these folks, most knowing what they were doing but not caring as long as they came out with great wealth and lifestyles, burning that wealth, which when burnt doesn't trickle down, it just disappears.

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Can you help me understand this touching story a bit better?

On the video, the reporter refers to the lady as having "fallen victim to a predatory lending scam allegedly perpetuated by Litton Loan Servicing" and that "virtually overnight and without her knowledge that it was going to happen, her mortgage payments went from $800 to over $2000 a month".

Do we know what the involvement of Litton Loan Servicing was? Was it as the initial mortgage lender? What malpractice was involved for the mortgage to be termed a "scam" (other than the appalling overall atrocious policy of the last fifteen or more years of lending, to anyone who wanted it, money that might be beyond their ability to repay)? Why did the loan repayments suddenly increase? Did she seek previous advice on how to handle the debt, do free advice agencies (such as the Citizen's Advice Bureaus in the UK) exist for this purpose in the States and did she try to renegotiate the mortgage based on reduced circumstances or has she been out of work for some lengthy period?

I am asking these questions for two reasons

1- because ironically it is only John McCain who appears to have directly addressed these tragic situations and I would like to see if his proposals would help in this case.(Barack Obama initially endorsed McCain's proposals but then backed off them, as did the GOP)

2- having done some social work involving this type of dreadful situation, I am concerned whether or not the immediate solution so heart warmingly provided by the blogosphere is sufficient to address the long term issues (which is one of my question marks over McCain's proposals).

Whilst no one can be failed to be moved by this story, I do wish they could be told without the overlays, from the group that helped her, by inaccurate and provocative statements like "our government has taken billions of our tax dollars to bail out the wealthy". Or the statement that the government bailed out "financiers", when it actually took the only measures available to support "financial institutions". If it had not done so, overnight there would by now be millions more such cases as the lady featured here.

On anything you asked, do know alot of folks, and not Poor Folks got caught up in the hard sell schemes, especially White Middle Classers living Way Beyond their means and wanting more, Think half hour or hour TV InfoMercials on Real Estate. There were other reasons some went into these, like needing money to upgrade the homes or repair etc.

All I know about her is what the reports from McClatchy and Code Pink are giving, but I'm sure there was a hard sell involved with either no tiny print or extreme tiny print, I want to see Hundreds of Perp walks from this extreme debacle, but like the 80's banking scandle we'll only see a few I'm sure, think Neal Bush!

I do have a question though about this report, and if I get a chance I'll try and find out. But it's reported she lost her son in Iraq shortly after hearing about the mortgage troubles, my question is "Where's the Insurance Money from her sons death in Iraq!". There may be a good explanation or there may be something else going on that in these times could involve the Government Not Paying the Family what it should have.

Do We Need Change, You're Damn Right We Do, And The World Needs Us To Change, Now!!

"The wise man points to the stars and the fool sees only the finger - and discusses it 24/7 on cable."