FOR IMMEDIATE RELEASE
Contact: UAW 600 Vice President A.J. Freer, 313-770-5950
STOP J.P. MORGAN CHASE’S FORECLOSURES AND EVICTIONS
Press Conference/Rally at the Home of Alma Counts, paralyzed senior citizen facing foreclosure by Chase -
THURSDAY, MARCH 8, 2012 – 4:00 PM
19145 MARLOWE, DETROIT, MI 48235
Speakers include UAW Vice President Cindy Estrada and numerous community leaders
Press Conference will announce Demonstration, Tuesday, March 13, 12 Noon at J.P.Morgan Chase Detroit, Headquarters, 611 Woodward, Downtown Detroit to
Demand Not One More Foreclosure/Eviction in Michigan
Part of National Days of Action against J.P. Morgan Chase
Alma Counts is a partially paralyzed wheel-chair bound senior citizen who lives on a fixed income. After facing a foreclosure crisis in 2008 stemming from a predatory refinance loan by the criminal Washington Mutual Bank (WAMU), Ms. Counts entered into a loan modification agreement with WAMU in March 2009. Ms. Counts diligently made her modified payments until her account was taken over by J.P. Morgan Chase which doubled her payments and now is threatening foreclosure of Ms. Counts.
Ms. Counts’ situation is being repeated in thousands of homes across Michigan and nationwide. At the press conference, organizers will cite other examples of abuses by Chase: Sterling Heights homeowner, entered into a special medical hardship payment agreement — made payments — house sold at Sheriff’s sale; Northville widow– husband died during the course of the litigation from pre-existing medical conditions while fighting to save his home from Chase foreclosure; Southfield homeowner — was working, had heart surgery with pacemaker inserted — made payments on loan modification based on medical hardship and decrease in income — –foreclosed on by Chase; Bloomfield family — in permanent loan modification, made 10 payments, home put in foreclosure.
Despite a federal Consent Order last year with the Comptroller of the Currency in which Chase committed to an action plan to eliminate fraudulent foreclosure practices including implementing a program of “special forbearances and modifications,” and the recent “settlement agreement” with the federal government and 49 attorney generals in which J.P. Morgan Chase and 4 other major banks acknowledged their fraudulent practices, J.P. Morgan Chase and the other banks are continuing to deny loan modifications and throw families out of their homes every day.
Called by: UAW, Occupy Detroit, People Before Banks Coalition, Moratorium Now! Coalition, Metro Detroit AFL-CIO, Jobs with Justice
There will also be an Organizing Meeting and Free Legal Clinic to for those fighting foreclosures on Saturday, March 17, 2012, 11:00 am to 1:00 p.m. at UAW Local 600, 10550 Dix Ave, Dearborn, MI 48120.