Why is Countrywide and their law firm Trott & Trott evicting a 72-year-old
disabled woman from her home of 45 years, rather than accepting full payment
for the house?
Demonstrate to Stop the
Eviction of Rubie Curl-Pinkins!
Tuesday, July 22, 12 Noon at Bank of America
Guardian Building, Congress & Griswold, Detroit
(Bank of America has bought out Countrywide!)
In one of the latest horror stories in the foreclosure epidemic that is
devastating the city of Detroit, Countrywide and their law firm Trott & Trott
have decided to evict Rubie Curl-Pinkins from her home of 45 years, rather than
accept full payment for the home through a reverse mortgage.
Rubie Curl-Pinkins is a 72-year-old woman suffering from numerous physical
disabilities. Her doctor has stated that being evicted from her home could
have a devastating effect on her health. Her daughter, who also lives in the
home on Holden Street, is also disabled, suffering from congestive heart
failure and on oxygen to help her breathe.
Like many people in Detroit, when confronted with numerous debts, Ms.
Curl-Pinkins was lured into a predatory loan in exchange for a mortgage on her
paid-off home. The interest rate exceeds 10%. When her medical bills mounted,
she fell behind on her mortgage payments and her home went into foreclosure.
Before the redemption period ended, however, she succeeded in arranging a
reverse mortgage that would pay off the debt. But Countrywide delayed in
providing a pay-off letter so she could finish the loan, pay off the redemption
amount, and keep her home. Once the redemption period ended, rather than work
with Ms. Curl-Pinkins, Countrywide and its attorneys Trott & Trott have refused
to accept payment for the home and insisted on evicting Ms. Curl-Pinkins.
Under pressure, she signed a consent judgment and is scheduled to be evicted on
July 25, 2008.
Countrywide and Trott & Trott’s actions epitomize the ruthlessness and illogic
of the finance industry, which would rather assert its power to throw people in
the streets than accept payment for the homes. The banks and finance companies
are destroying our communities, throwing people into the streets, creating
thousands of abandoned and vandalized homes, and reducing property values for
everyone. (It should be noted that Countrywide has recently been bought by
Bank of America. So much for their signs about “serving Detroit”!)
Just this week, the federal government bailed out the banks and finance
industry by guaranteeing $300 billion in taxpayer money to back up their bad
loans. What about bailing out the people, the real victims of the foreclosure
crisis?
We need a Moratorium on Foreclosures to stop this epidemic and keep people in
their homes! Join the growing movement to support SB 1306, a bill introduced
by State Senator Hansen Clarke which would halt foreclosures in Michigan for
two years to allow the people to survive this crisis.
Stop the Eviction of Rubie Curl-Pinkins! Fight for the passage of SB 1306 to
Stop Foreclosures in Michigan! Join the demonstration this Friday.
Moratorium NOW! Coalitionto Stop Foreclosures and Evictions
23 E. Adams, 4th Floor, Detroit, MI 48226 www.moratorium-mi.org (313)
319-0870
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