Save our Homes: Preventing Foreclosures Day Five

Save our Homes: Preventing Foreclosures Day Five

 

Our economy has been devastated since the 2008 Financial Crash and hundreds of thousands of families have lost their homes in the ensuing recession. Americans have lost between $650 billion to $1 trillion dollars in home value due to being foreclosed on or having a surrounding property be foreclosed on. According to the Homeownership Preservation Foundation, each individual foreclosure can cost the local government up to $34,000 in fees associated with removing the family from the home and maintaining the property while it is uninhabited. 

With 318 homes foreclosed on in Guilford County in February, 2012, the financial and emotional distraction of the housing crisis is eating into our county's ability to operate. Our local Register of Deeds, Jeff Thigpen, has stood up in defense of the ordinary person and has sued MERS, the document-processing corporation linked to infamous mortgage fraud known as "Robosigning," as well as other banking and lending corporations. Said Jeff in 2011, "The basic question here is whether we as Recorders are going to sit on our hands, in the face of what appears to be clear fraud or are we going to stand up for 400 years of integrity and fair dealing in commerce?" 

As taxpayers, we should be directing our taxes towards helping families, not spending money on kicking people out of their homes and supporting the greed of large corporations. 

Take Action: 

Call Jeff Thigpen's office and thank him for standing up to large corporation and to urge him to continue to defend the right of people to stay in their homes at (336) 641-7556. Find out how you can get involved in foreclosure resistance/fraud detection.

Watch Rachel Maddow's report on the fight against foreclosure in Guilford County.