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General News    H2'ed 3/11/10

Foreclosures on the Rise: Bankquakes, Not Earthquakes

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Danny Schechter
Message Danny Schechter

Almost two months ago, the country I was born in suffered a natural calamity. Hundreds of thousands died in the Haitian earthquake, members of my own family among them. Our family home was destroyed. It was heartbreaking and traumatizing. I am still grieving. I was happy to know that so many people who live here on the Island responded with an outpouring of donations and concern. No homeowner would ever want to share the same experience of sudden forced homelessness.

Less than a week ago, I stood outside a home that I have lived in for 14 years and watched the Nassau County Sheriff's office and a team of movers (from Network Moving & Trucking )that they hired, evict me, crudely packing up all my possessions, throwing precious belongings in boxes and somehow also stealing my grand daughter's laptop in the process before physically pushing her into the street.

My family had just been dispossessed in Haiti, and now I was having a similar (but far less deadly) experience in Nassau County. Only this calamity was not due to a natural disaster, but to a well-proven chain of fraud and abuse by banks. The FBI has confirmed we have been living through a "fraud epidemic" since 2004.

No big name musicians are raising money for the victims of this disaster. So far, the government agencies that have promised to curb an out of control foreclosure crisis have been ineffectual. The big banks have paid lip service to helping their customers, but, as study after study documented, they make more money throwing people out of their homes and reselling them than modifying mortgages so residents can stay where they are. They are in the game for profits, not to help people.

In my case, I persistently reached out to the bank with emails and calls to try to negotiate. No one would take my calls or respond. There was no there there. I have been experiencing disdain and insensitivity at every turn.

I reached out to legal agencies which Nassau County itself advises people facing eviction to go to, What happened?They told me there was nothing they could do.

In my case, I wanted to buy the house I lived in with my grandchild--I am nearly 65--but the mortgage broker and the REMAC realty agency and the courts were less than helpful. No one would assist me. The Administration has stopped deportation orders for Haitians convicted of crimes, but seems uninterested in helping law abidingpeople like myself.

Was it my accent, my Haitian background? I am an American citizen and a former civil servant with a long history of public service and employment. Ethnicity may be a factor but they treat people of all races this waywith contempt!

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at Amazon.com. See Newsdisssector.org/store.htm.
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