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Up next? Occupy Foreclosures

Occupy Oakland is urging activists to move into foreclosed and abandoned homes in the city. Could this catch on?

By Karen Datko Nov 2, 2011 7:19PM

The Occupy movement may have found another way to take on the big banks -- one foreclosed house at a time.

 

Occupy Oakland announced on Twitter this week that its general assembly "just passed a proposal to encourage the occupation of bank-owned/foreclosed and abandoned properties across Oakland."

 

Says Linette Lopez on Business Insider:

Considering all the attention focused on Occupy Oakland right now, it wouldn't be surprising if this caught on like wildfire. Plus, in northern cities during the winter months, this could provide spots to house protesters and maintain the occupations.

Post continues below.

In fact, a foreclosed house was just re-occupied by its former owner in the Bayview section of San Francisco, where more than 1,400 homes have been foreclosed on. Andrew S. Ross, an SFGate columnist, wrote today:

Bringing the media out in force -- along with a city supervisor, members of the Service Employees International Union and a small contingent from Occupy San Francisco -- was a press release announcing that one of the residents, Carolyn Craig, had "re-entered" the three-bedroom home on Quesada Street her family had lived in for 52 years before being evicted in January.
"If you ask me the question 'Why are you doing this,' I am here today because I'm reclaiming my home," she said, to cheers from a crowd of about 60.

How much the banks are to blame for the foreclosure crisis is still being debated -- most recently by current New York City Mayor Michael Bloomberg and former Mayor Ed Koch. The Associated Press reported on a panel discussion about Occupy:

"It was not the banks that created the mortgage crisis. It was, plain and simple, Congress," said Bloomberg, a former executive of a financial information company, at the event for business leaders.
Koch responded by noting that major banks have been fined hundreds of millions of dollars. "What do you think they got fined for? Schmutz on the sidewalk?" he asked in his signature New York twang, using a Yiddish term for dirt.

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76Comments
Nov 3, 2011 7:18AM
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Hmmmm.....So this gal doesn't make her payments....is foreclosed on...gets evicted....the Bank takes the property ...then she just "takes it back"....Bottom line....it's not hers....she's trespassing and should be dealt with. No one stuck a gun to her head to take the mortgage and now she wants a "do over"? Where is my "do over" ....what incentive do I or  the 95% of everyone else have to continue paying our mortgage.

 This crisis needs to be dealt with "firmly and fairly".....

Nov 2, 2011 10:22PM
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Wow, are you kidding?  If I had the misfortune of not being able to pay my mortgage I'd do the honorable thing and send the keys and get out and stay out, as my house wouldn't be mine anymore.  It's sad and pitiful to see the shamelessness of people now days.  The banks took a "chance" on us and sometimes forcefully so by the politicians.  It's called personal responsibility. 
Nov 3, 2011 9:17AM
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Okay, so its empty...doesn't mean you have any right to it. These freeloaders will destroy these properties and make them worth even less, further stalling the economy! Believe me, I've worked since I was a young kid, worked my hiney off and went into debt to earn a Master's Degree...and still struggle to make it to the next payday!  But I would NEVER TAKE SOMETHING THAT IS NOT MINE, THAT WASN'T PAID FOR, EARNED, OR OTHERWISE GIVEN FREELY TO ME. This band of misguided individuals are going to hurt Americans, not big business.
Nov 3, 2011 9:19AM
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Did they ever stop to think that when they boycott businesses and shutdown down ports they are hurting the little person that works for those businesses more than the owners.  When those businesses have to close their doors, their employees don't work.  For every hour the employee is not able to work, they lose money.  In this economy, they can't afford to have their paycheck reduced by even a little bit...most people live on a shoe string.  So these 99% are hurting the very people they say they are fighting for.

Also, if all of this is genuine, then why not also march at Washington & government offices, since it is the politicians on both sides that have been bought off.  Also, why not protest & boycott the NBA, for their greed.  Because of the greed of both the owners and the players, several weeks of the season have been cancelled.  That means that every person who is employed by the stadiums and all of the restaurants and businesses that benefit from the games are hurt.  If there are no games, then the people who work them don't work.  Why aren't those greedy people being boycotted.  Let's see some consistency.
Nov 3, 2011 9:46AM
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Gee whiz - lived in the house for 52 years and still managed to have a mortgage?  How many vacations did she take with her cash-out refinancings? 
Nov 3, 2011 9:46AM
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you are trespassing on property that isn't yours.  a public park is one thing, private property is another.  this isn't a protest, it's anarchy.  don't be crying foul when they use force to remove you.

 

as for ms craig in the above article, you can't 'reclaim your home' bc it isn't yours.  that's what happens when you don't make payments.  it doesn't get to be yours anymore. 

 

why does mainstream america not really care or support the occupy movement?  bc of people like these who want to be given something that isn't theirs.  let's all just stop paying for everything and take over whatever we want. 

Nov 3, 2011 9:19AM
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her family lived there for 52 years?  She must have borrowed money against the home.  Nobodys mortgage last 50 years.  It is all HER fault that she was evicted.  She is a loser and now she is a thief. 
Nov 3, 2011 7:54AM
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It is interesting that our regime leader has thrown his backing behind this movement, this guy will do anything to get 4 more years in the WH.  I guess free houses are his form of "Obama money" we heard about from the women interviewed just after he was elected president.  Ah yes, socialism at its finest...one little problem, once all the houses are "occupied" by unemployed food stamp recipients (who have probably defaulted on their gov't school loans too) and the banks have no revenue except helicopter Ben's printed funny money, where is the money going to come from? 
Nov 3, 2011 9:36AM
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Maybe instead of protesting others success, they should maybe work on making something of themselves.  Interfereing with people trying to earn a living is quite despicable.
Nov 3, 2011 9:46AM
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Don't blame the bank, you signed the contract, you knew what the payments were going to be, or/and you got a 2nd 3rd on the house, so that was your fault, not the banks. Individual responsibility losers, learn it, also learn to read a contract.
Nov 3, 2011 9:42AM
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So how is this lady lived in a house for 52 years and got evicted? Wasn't it paid off yet and if not, why not???  If you take out loans you can't pay back what do you expect? Yes, mortgage lenders were corrupt but people who take loans they know they can't afford to pay back, no matter what some doofus tells them, can't be blamesless victims.
Nov 3, 2011 9:37AM
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It is now easier than ever to ID the people who do not own up to responsibility and want to have everything given to them from other people's hard work and  ethics.  If your jealous of what other people have, work harder to better yourself.  Quit whining and wasting time and go out and find a job to better yourself.
Nov 3, 2011 8:59AM
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these dregs need to be sent to prison.  they are the worst of the worst, pukes one and all, and are as anti-american as they come.  America was founded on freedom, not on the pathetic demands from these lowlifes.  lock them up!!!
Nov 3, 2011 3:53AM
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IN ORDER TO GET SOME ATTENTION THINGS MUST BE DONE IN AN ORDERLY MANNER OTHER WORDS NON VIOLENTLY. PROTESTS ARE GOOD BUT REALLY MAKES AN IMPACT IS BOYCOTTING. THIS IS HOW YOU CAUSE DISRUPTION AND CHAOS FOR THE 1%. AS LONG AS THE CASH REGISTER IS RINGING THEY ARE CONTENT.

 

BUT LET THEM SEE THERE IS NO MORE OIL IN THE LAMP AND THINGS START TO LOOK AT LITTLE DARK FOR THEM. JUST LOOK BACK ON HISTORY, THE MOST FAMOUS MOVEMENTS WERE THE ONES THAT WAS NON VIOLENT AND CONSISTED OF BOYCOTTING THE ENTITY THAT IT WAS GEARED AT.

Nov 3, 2011 9:55AM
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Michael Bloomberg says foreclosurers are Congress' fault??? What a joke! I'm a realtor and it was the mortgage companies, appraisers and greedy realtors fault that prices went sky-high! I was disgusted when they were doing it and "predicted" the backlash it would cause!

Then w/the cost of gas soaring the financial pressure went to the "everyday" family! My husband lost his job when he was 52---NO ONE would even talk to him it didn't matter his skills and knowledge...now he is making $9 an hour because he had to take something after 2 years of searching---who's fault is that??? Bring back the jobs to AMERICANS! Stop allowing EVERYONE that wants to live here citizenship and taking away AMERICANS jobs! Politcians are pathetic and greedy themselves...and Mr. Bloomberg is one of them!

Nov 3, 2011 9:28AM
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People who take on a significant amount of debt they can't afford because "it's low interest debt" are morons.  These people who are out there "occupying" are the reason the economy is bad-they are sucking the life out of the government bank account because they are the ones who are on welfare and every other government assistance program available.  They are unemployed because apparently they WANT to be unemployed.  There are jobs all over the place--cities across the nation are advertising day after day for workers, but no one will call or apply.  So, here's a thought:  Get off your butt, get a job, and only finance the things you can actually afford to pay. 

Nov 3, 2011 9:31AM
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I lived in Florida and the foreclosed homes were real eyesores in my neighborhood.  I lost my job, sold my FL house for peanuts and moved back up north.  At the end of last year, I looked at homes in NJ, some of which were bank owned.  The owners thoroughly trashed these houses before they left or didn't have the money to keep them up, so buying one is no prize.  I will say this about the mortgage industry.  I had a friend in FL who was a mortgage banker.  She won prizes for the most mortgage sales and  the prizes were all expense paid trips to Europe, the islands, etc.  I know darn well she approved anyone and everyone for a mortgage just so she could win the prizes.  Another friend of mine had a job where he had to bump up people's credit so they would qualify for homes and he told me exactly how it's done.  There were signs all around my neighborhood in FL announcing interest only mortgage loans.  No wonder people went for it.  I get to pay for the empty houses and businesses in my area of NJ with my property taxes constantly going up to make up for the empty homes, even though mine is losing value every day.  Isn't it amazing my Canadian boyfriend told me there's no crisis up there because the Canadian govt would never allow it.  I guess anything goes here as long as you can pay off the politicians and lobbyists.  What a mess.
Nov 3, 2011 9:42AM
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Wow; these freeloaders just found another way to get something for nothing - brilliant and stupid all at the same time!
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These protests are getting way too destructive and are targeting the wrong people. They should be protesting in Washington DC against the government that made regulations that caused this problem. (The little lemmings just enjoy getting into mischief.)
Nov 3, 2011 9:56AM
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Hope they can tell the differance between ( Bank owned ) and plain old for sale houses, because these  (occupied) houses are going to be completely trashed by the time these folks move out. 
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