Northeast Cobb Man Fights Foreclosure
"I look forward to breaking the cycle of silence that keeps so many Cobb residents from standing up to the banks and defending their homes," says occupying homeowner.
A Northeast Cobb man who feels he has been unjustly foreclosed upon by his bank has begun a 24 hour, seven day a week occupation protest to save his home.
Steve Bordeaux, an unemployed homeowner, has been fighting to keep his out of foreclosure. In order to save his house, he applied for an emergency home loan modification from his bank. The process was moving along properly until, according to Bordeaux, the IRS did not get his tax transcripts to the bank in time. Because of the delay, the bank began foreclosure sale proceedings.
One day after the foreclosure sale was complete, Bordeaux's tax transcripts arrived.
He announced his protest campaign Monday his Bordeaux home on Rubes Landing, off Jamerson Road in Northeast Cobb.
Is this homeowner going about saving his home the right way? Do you feel the bank was unfair to him? Tell us in the comments!
Bordeaux's story is not at all unique in Georgia, which is leading the nation in foreclosures. According to RealtyTrac, one in every 300 houses in Georgia is going through foreclosure, compared to one in 639 at the national level.
To protest his treatment from the bank, Bordeaux has joined with the Cobb United for Change Coalition (CUCC) and Occupy Our Homes ATL (OOHA) to announce a constant vigil outside the foreclosed home at Rubes Landing. The goal of the vigil is to "occupy" the home until the bank and Bordeaux reach a solution that will keep him in his home.
"Georgia is now the epicenter of the foreclosure crisis. We have to do something about this, and we have to do it now," says Occupy Homes organizer Allie McCullen.
williamzarmstrong
7:25 am on Tuesday, July 3, 2012
It pays to shop around for a mortgage refinance. Mortgage rates have gone down like anything. My brother in law just got a 30-year fixed loan at 3.76% He told me search online for 123 Refinance for the lowest rate.
Brian
2:26 am on Wednesday, July 4, 2012
This sounds like an advertisement.
Brian
2:26 am on Wednesday, July 4, 2012
The bank and IRS should be ashamed about what they let happen. The bank and IRS need to fix this issue.
Kathy
2:03 pm on Thursday, July 5, 2012
Good for Steve! We need more residents standing up to fundamentally unjust treatment by the banks! This isn't just about one homeowner's struggle, it is a national crisis.
ForeclosureNation
6:35 pm on Sunday, July 8, 2012
Of course he's doing the right thing! If gov doesn't act to stop the abuse of Wall St, then citizens have to take steps for justice, whatever that may mean.
Becca
10:40 am on Tuesday, July 24, 2012
So if we weren't going through this economy crisis, wouldn't he just be a man who lost his job and then house because he couldn't pay his mortgage? Or would he still be a "victim"? As a homeowner I realize that it is a risk not to have enough in savings to pay my mortgage is anything happened to my job. I also realize that if things are going downhill, I might have to sell or rent out my home to stay afloat. Complaining about trying to get help and not receiving it in time doesn't make much sense to me. The mortgage is his responsibility alone.