Protesters Demand That BOA Halt Foreclosures

DETROIT (WWJ)– Members of “Occupy Detroit” staged a rally downtown on Tuesday demanding that Bank of America put a two-year moratorium on foreclosures and foreclosure-related evictions in Michigan.

occupy detroit Protesters Demand That BOA Halt Foreclosures
(WWJ Photo/Sandra McNeil)

Speaking to WWJ’s Sandra McNeil, the group’s Jerry Goldberg, who is also a part of “Moratorium Now,” said he’s an attorney who handled foreclosures, and he’s seen the bank refuse to work with homeowners who are struggling.

“My home is selling for one-tenth for what I bought it for because there are so many foreclosures in my neighborhood and that’s typical for the city and all over this state. It’s time to put a stop to the foreclosures,” Goldberg said, adding that the bank received millions of dollars in TARP bailout funds.

“We’re paying for those loans. They got another $7 billion under the Home Affordable Modification Act to modify loans, but they refuse to modify loans,” Goldberg said.

“People call for a modification, their papers get lost, they get tossed in the garbage and the next thing they know they’re losing their home,” he said.

The group is promising a larger rally in front of the bank on Friday, complete with those who have lost their homes.

WWJ has a call out to Bank of America for comment.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen