Top Ten Videos to watch

Graduates tossing caps into the air
Freddie Gray Baltimore Protests
Mid section of man in graduation gown holding diploma
Legendary Baseball Player Tony Gwynn's Family Files A Lawsuit Against Big Tobacco
ME.jailhouse#2.0117.CW Montebello City Council has approved use of a private contractor to run the n
Chicago Mayor Rahm Emanuel Addresses Police Misconduct At Chicago City Council Meeting
WWII Soldiers Standing In A Flag Draped Sunset - SIlhouette
Students Taking a College Exam
Bill Cosby Preliminary Hearing
Hillary Clinton Campaigns In Louisville, Kentucky
Worried black businesswoman at desk
Tyler Perry And Soledad O'Brien Host Gala Honoring Bishop T.D. Jakes' 35 Years Of Ministry
Teacher with group of preschoolers sitting at table
FBI Officials Discuss Apprehension Of Explosions Suspect After Three-Day Manhunt
NFC Championship - San Francisco 49ers v Atlanta Falcons
Protests Erupt In Chicago After Video Of Police Shooting Of Teen Is Released
Nine Dead After Church Shooting In Charleston
Portrait of senior African woman holding money
President Bush Speals At Federalist Society's Gala
Police Line Tape
Senior Woman's Hands
Police officers running
New Orleans Residents Return to Housing Projects
David Banner
2010 Jazz Interlude Gala
Leave a comment

<br />


Yesterday, President Obama announced a $75 billion program to address the challenge that foreclosures pose to our collective economic future with an orientation towards helping families stay in their homes. But the provisions in the President’s proposals won’t be implemented for weeks and months. Between now and then there are still 2.3 million families in the country facing foreclosure proceedings. And one new family joins them every 13 seconds. The reality is that everyone is affected by this crisis; the foreclosure epidemic is at the heart of our economic meltdown.

So, today, Thursday Feb 19, ACORN members and community activists in seven cities are formally launching the HomeStaying Campaign, in which families facing eviction for foreclosure will announce plans to stay in their homes, and Home Defender teams will stand in solidarity with those homeowners.

The Home Defender Teams are local neighbors and community activists prepared to mobilize on short notice to peacefully help defend a family’s right to stay in their homes until a fair solution to the crisis is put into place by the new Administration. Over the coming weeks, people in 24 cities are going to be taking part in this campaign. The New York Times did a great story yesterday about a Home Defenders training session in New York City over the weekend.

Homeowners who live in neighborhoods with one foreclosure see their housing values drop by 2%. For homeowners in communities hit hard by this crisis it is much worse. The abandoned homes become magnets for crime and vagrants, further destabilizing communities, to say nothing of what happens to the families that have to go through the process of losing their homes.

In many cases the people facing foreclosure are hard-working people who played by the rules their entire lives, but were caught up in circumstances beyond their control or were taken advantage of by their lender.

The Obama Administration’s proposal contains five key ingredients without which any proposal will not succeed.

  • Lifts the unfair ban on judicial modifications for primary residences
  • Requires foreclosure prevention protocols from recipients of taxpayer assistance
  • Fixes the “Hope for Homeowners” program by streamlining and broadening eligibility requirements
  • Utilizes $75 billion to facilitate mortgage modifications to keep homeowners in their homes
  • Strengthens Fannie and Freddie to expand access to affordable refinancing

It is inevitable that elements of Wall Street and their enablers in Congress will try to weaken or gut provisions that subscribe to these principles. We cannot let that happen.

You can help people like Debra by telling Congress to support the five key elements of the Obama plan to keep families in their homes.

ACORN’s Foreclosure Campaign is fundamentally about saving the American Dream, about living up to our best visions of ourselves as Americans, about reaching out to stand in solidarity with each other, and, inch by inch, making this a stronger nation.

Also On News One: