Wednesday, December 7, 2011

Occupy Wall Street protesters move from streets to foreclosed homes

"Occupy" protesters nationwide are moving from the streets to foreclosed homes to bring across the point of predatory lending pushing the "99%" from their homes. Finding it more difficult to stay in parks or on the streets, protesters are reclaiming properties, signaling a big shift in the movement.

Groups in more than 25 cities held protests Tuesday on behalf of homeowners facing evictions. Seattle has become a leader in the anti-foreclosure movement, arrests have been made in Seattle and Portland, Oregon, and protesters in Atlanta disrupted a home auction. Have you seen any protests in your neighborhoods?

"It's pretty clear that the fight is against the banks, and the Occupy movement is about occupying spaces," said Occupy Homes organizer Jeff Ordower in a Washington Post article. "So occupying a space that should belong to homeowners but belongs to the banks seems like the next step for the Occupy movement."

Nearly a quarter of all U.S. homeowners with mortgages are underwater, representing nearly 11 million homes, according to CoreLogic, a real estate research firm. People are taking back their homes from banks and lenders that pushed them out. What do you think? Would you do the same thing if you were in this position? Speak out!

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