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OWS urges Americans to begin occupying foreclosed homes

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OWS urges Americans to begin occupying foreclosed homes Empty OWS urges Americans to begin occupying foreclosed homes

Post by ymoilman Thu Nov 10, 2011 2:31 am

OWS urges Americans to
begin occupying foreclosed homes




Ethan
A. Huff, staff writer



(NaturalNews) It is the obvious next step against the federal
government-slash-Wall Street financial scam against the American people. Occupy
Wall Street's (OWS) Oakland chapter is urging Americans to embrace "Occupy Vacant Properties" (OVP), a move to literally
occupy, en masse, homes across the country that have been foreclosed upon and
are sitting vacant.



Now before some readers start to
bemoan the supposed illegality of the idea, consider this -- the entire housing
bubble collapse is a direct result of the banking system's illegal mortgage
scheme. Many families -- honest, hard-working families -- fell victim to the
banks illegitimate lending schemes, and in turn lost their homes and, in some
cases, their life savings as well.



And how did the banks deal with
following this massive plundering of the American people? The federal
government under both the Bush and Obama administrations rewarded them with
billions of American dollars, rather than punishing them for their crimes
against humanity. How about that for justice?



"Families have been ripped off
by banks, scammed by brokers and nothing's done to them," said one
homeowner associated with the OVP movement that fell victim to the housing
bubble and foreclosure scam. "It's time for the families and the community
to stand up and take back what's theirs.
"



One man in Texas has actually taken
advantage of a little-known "adverse possession" law that allowed him
to legally take possession of a foreclosed home for the $16 it cost him to file
the appropriate paperwork (http://www.wfaa.com/news/local/Texa...).




First of all, it is now widely known
that many big banks actually forged home loan documents to initiate illegal
foreclosures against homeowners in the first place.
When caught, these banks
simply promised to stop -- however they never actually did, and they have never
been held legally responsible for this illegal activity (http://www.cbsnews.com/8301-505123_...).




More recently, the Massachusetts
Supreme Court recently ruled that most home foreclosures that have taken place
within the past five years are illegitimate because the foreclosing banks did
not actually hold
the promissory notes for the properties (http://www.naturalnews.com/033971_h...).



But the bigger question is, are
mortgage loans themselves even legitimate? Bank loans that occur within the
American fractional reserve currency system are actually nothing but an
elaborate scam that trick people into "borrowing" money that banks do
not even have, and that does not even exist, only to pay it back along with
exorbitant interest for the next several decades (http://lewrockwell.com/rothbard/frb...).




Sources for
this article include:



http://www.businessinsider.com/occu...



http://www.naturalnews.com/z034087_OWS_foreclosed_homes.html
ymoilman
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OWS urges Americans to begin occupying foreclosed homes Empty Re: OWS urges Americans to begin occupying foreclosed homes

Post by milleriniraq Thu Nov 10, 2011 2:34 am

This is where is starts to get ugly if they actually go through with this. I'm glad when I get home, I'm not close to a large city. What a mess

milleriniraq
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OWS urges Americans to begin occupying foreclosed homes Empty Re: OWS urges Americans to begin occupying foreclosed homes

Post by Guest Thu Nov 10, 2011 2:44 am

I've got to agree with you on this one milleriniraq.

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OWS urges Americans to begin occupying foreclosed homes Empty Re: OWS urges Americans to begin occupying foreclosed homes

Post by veggielover Thu Nov 10, 2011 3:13 am

I agree with them in principle BUT who should be moving back into these homes are those who had them taken from them by the banks. It should not be that difficult to find them. I refuse to buy a foreclosed home! To me it is no different than knowingly accepting stoln property!

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