THE NEW “NATIONAL SETTLEMENT WITH THE BANKS” WILL NOT STOP ONE FORECLOSURE

MORATORIUM NOW! COALITION SPECIAL MEETING

MONDAY, FEBRUARY 20, 2012, 7:00 PM

5920 Second Avenue, Detroit, MI (at Antoinette St.)

Featured Speakers:  Vanessa Fluker and Jerry Goldberg, leading anti-foreclosure attorneys and Moratorium Now! Activists.

Hear an analysis of the new Federal/Attorney Generals “foreclosure settlement” with the banks.

Learn about the March 31 National Conference in Detroit to organize for a Two Year Moratorium on all Foreclosures and Foreclosure-related Evictions (nationalmoratorium.org)

The new settlement between the Federal government, 49 state Attorneys General and five of the biggest, most crooked banks is a complete fraud and another bailout for the banks.

Not one foreclosure will be stopped in the coming years by this settlement.

  • Only $1.5 billion of the $25 billion settlement will go to people who lost their homes from 2008 to 2011 – paying a pitiful $2,000 (over three years) to people who were victims of banks who criminally stole their homes.
  • A pitiful $17 billion will go toward principal reduction for “underwater loans” where people owe much more than their property is currently worth.  But it is estimated that 11 million borrowers are $700 billion underwater right now.
  • $5 billion will go to the states to compensate for losses suffered due to loss in property values.  But there has been a loss of $1.9 trillion in home equity from the foreclosure crisis – resulting in city, county and state layoffs and service cuts.

Moratorium NOW! Coalition to Stop Foreclosures, Evictions & Utility Shutoffs

Moratorium-MI.org  NationalMoratorium.org

Call – 313-680-5508 for more information

facbook event link

 February 16, 2012  Posted by Moratorium Now!  Add comments
   
© 2012 National Conference for a Moratorium on Foreclosures & Evictions Suffusion theme by Sayontan Sinha