Recently our EEV Neighborhood Community sent out the plight of a neighbor regarding her battle with a mortgage company. We are tired of the foreclosure crisis and we are starting one person at a time. I plan on making two posts due to length, the first post is the flyers and emails sent to neighbors. The second is the coverage given in Metrotimes regarding this event.

Belva wants to pay her mortgage
A Florida bank is trying to evict her
Do we want a good EEV neighbor thrown on the street, a lovely home trashed by vandals?
Belva Davis takes great pride in her home in East English Village -- she did a gorgeous job painting, sanding the floors and decorating. She fell behind on some mortgage payments when she lost her job, but now that she’s again working full-time, she wants to pay off her mortgage.
But the mortgage servicer in Palm Beach Florida, Ocwen Financial, refuses to modify her loan - - even after Ocwen pocketed $695 million from the Obama Administration on the promise that they would modify all such loans .
Do we want another vacant, foreclosed eyesore in our neighborhood?
A Wall Street investment fund run by Wells Fargo rushed to foreclose on Belva’s home last December. Many EEV neighbors braved the snow and frigid weather to come out and show their support for Ms. Davis, as she began a long legal fight to keep her home. She’s been putting money in escrow each month.
Belva is willing to pay the inflated mortgage [[more than twice what the bank told the IRS the home was worth) -- if only the bank will modify the terms, as required by the Home Affordable Modification Program. But Ocwen won’t budge. Belva is still in her home, but time is running out. [[See back for more info.)
Support our neighbor Belva Davis
Help stop banks from abusing our neighborhood
Join a Rally on Sat. Sept. 12, 2 p.m. At Belva’s home,

East English Village, Detroit
And please: Contact Ocwen President Ronald Faris Phone: 561-682-8000 ext. 8650. Fax: 561-682-8177. Email: rfaris@ocwen.com.
We can make a difference!
Facts you should know
Across the country, people are getting fed up with companies that foreclose rather than negotiate.
“Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through – and enriching – companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found.”
-- Detroit Free Press, Aug. 23, 2009
Wells Fargo and Ocwen, which own and service Belva Davis’s mortgage, are key players in sabotaging the Obama Home Affordable Modification Program. It’s crazy– a foreclosed home plunges in value, especially in Detroit; but the servicing companies make money through delays and foreclosures – no matter what the cost to people and their neighborhoods.
Money pocketed from taxpayers on the promise to modify home loans:
Eligible loans actually modified
Ocwen
$695 million
5%
Wells Fargo Bank
$2.8 billion [[on top of $25 billion bank bailout)
6%