OneWest Bank is moving to foreclose on the home of Edward Roman and family, a dedicated public employee and union activist.
Big banks are more and more aggressive in foreclosing on homes. When they carry out a foreclosure, the underwriters pay them the full value of the mortgage. Seventy five to eighty percent of the time, this bailout is done with money from the U.S. treasury! What incentive do the banks have to modify loans when foreclosures are so lucrative?
Join the protest on Friday at 2 and volunteer to be part of a growing movement for a two-year moratorium on foreclosures and a massive jobs program - NOT WAR!
FOR MORE INFORMATION CONTACT:
Stop Foreclosures California
MORATORIUM NOW
818 732-1045
Participating Groups:
SEIU Local 721, International Action Center/Bail Out the People Movement, Hermandad Mexicana Transnacional,
and Buen Hogar Foundation, non-profit
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