Join us anytime Thursday, July 19, starting at6am, and sign up for whatever time slot you can manage overthe next week at Jennifer’s home. There will be anopen meeting at 6pm at the house, 15701 Warwick St. atMidland in Rosedale Park, just south of Grand River, firstlight west of Southfield Freeway.Fannie Mae refused the offer of Southwest HousingSolutions to buy the home at its appraised value and keepJennifer’s family in their home. The government willonly accept the full value of the taxpayer-funded bailoutit gifted to Flagstar Bank— $121,000. This is a scandalous disregard of the community’s needs and ablatant double standard: Fannie Mae will sell foreclosedhomes to investors at well below market, but homeownerslike Jennifer are charged a king’s ransom and giventhe boot. Fannie Mae needs to address the needs of the community, not just the banks. Southwest Housing Solutionsis willing to negotiate.
The foreclosure never should have happened in the firstplace, as made clear in the summary below. In a nutshell:Leon and Jennifer Britt have paid more than $100,000 forthe home, Jennifer paying $46,000 since Leon died in 2006,exhausting her savings as Flagstar refused to modify, raised the monthly payment, and loaded her balance with feesand penalties.
We don’t need another empty home in Detroit and Rosedale Park!