On Saturday morning, Washington CAN! member Dixie Mitchell, a 71-year old cancer survivor, went on MSNBC to talk about her fight to save her home from foreclosure. She called on big banks to pay their fair share and spoke of how challenging it’s been to get a loan modification. Sign this petition to help Dixie save her home!
Dixie and her husband, Luster, have owned their Seattle home for 44 years. This is the same home where the Mitchells raised their nine biological children and cared for fifty foster children, and the house was paid off in full in the mid-1980s. When Dixie needed some money to make home repairs and to help one of the foster children in her care she took out a loan that was promised would work for what she needed.
But then the bank bundled and re-sold her loan. In the process Dixie’s mortgage payments grew astronomically. At this time her husband suffered a massive stroke, leaving him paralyzed. Due to her husband’s inability to work and the increase in payments, Dixie fell behind on her loan payments.
Despite Dixie’s best efforts (she’s filed for bankruptcy, attempted to get the loan modified on numerous occasions and sought help from counseling agencies), the Mitchell’s home is set to be auctioned on October 28th and they have no place to go. All Dixie needs is a small modification to the loan and she’ll be able to keep her house. The problem is that Ocwen Financial, who holds the loan, just won’t budge. Not because they can’t, but because they don’t want to.
Tell the Big Banks, enough is enough! Ocwen Financial will soon the be country’s largest holder of subprime loans. Ocwen is even a participant in a federal program to help modify loans for families affected by the housing crisis—but they still aren’t responding.