This sounds like a great idea. However, after discovering the Tea Party was being funded by the Koch Brothers, Trotsyist elements in the organized labor and the American Communist Party were funding the OWS movement, my question is, whose funding it? -Steve
Home Defenders League is representing over 50,000 families to make mortgage relief a key issue in the 2012 election
Paul Harris, UK Gaurdian
A national campaign representing more than 50,000 families caught up in America’s foreclosure crisis has been launched, with the aim of making mortgage relief a key issue in battleground states during the 2012 election.
The Home Defenders League, launched on Thursday, plans to be active in 17 states across the US recruiting members via phone and door-to-door campaigns. Staffed by people who themselves are suffering from foreclosure, the HDL wants to create a powerful lobby in swing states like Florida, Colorado, Nevada and elsewhere.
This weekend it will hold more than 20 rallies, phone banks and house parties to recruit supporters in a three-day membership drive. It is planning to tap into some of the 15.7 million American homeowners suffering from foreclosure or whose houses are “underwater” and thus worth far less than their mortgages.
It seeks to vet politicians on their attitudes towards a policy of resetting mortgages at current market levels, arguing such a move would keep families in their homes and provide a stimulus to the economy. “This country needs this. It is not just about helping struggling homeowners, it is about fixing our country,” said Amy Schur, head of the Alliance of Californians for Community Empowerment, which is one of 18 different groups that have backed the HDL.
The development comes amid signs that the foreclosure crisis that lay at the heart of the Great Recession is showing little prospect of abating in America. Last week new figures from Zillow, a real estate valuation service, showed some 32 percent of US mortgages were “underwater”, a figure that was far more than previously expected. Zillow said those mortgage holders owed some $1.2tn dollars in debt more than their homes were worth. Many of them risk foreclosure.