Occupy Miami Protests Foreclosures, Mortgage Fraud at Courthouse

Categories: Occupy Miami
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Occupy Miami protesters took a break from camping out at Government Center this afternoon to fight an ill all too familiar to the Magic City -- mortgage fraud and a foreclosure suffered by one of their own.

Angela Samuels, a longtime community activist with One Miami, local unions, and Occupy Miami, expects to be tossed any day from her family's longtime Liberty City home after falling behind on a loan that she considers to be mortgage fraud. A crowd gathered with her at the downtown civil courthouse this afternoon to protest her pending eviction.

Samuels' mother and father bought the family's house in 1970. "I grew up there, I've been there 43 years," she said of the house where she now lives with her niece and her blind sister. "After the death of my father in 2002, an investor came and said that he could help me."

The house was, at the time, stuck in probate court. A speculator offered a loan with ballooning interest rates, and Samuels says she unintentionally got caught in the predatory scheme.

When she couldn't keep up with payments any more, Samuels says CitiBank foreclosed on the house. "I'm just suffering," she says. "I'm homeless tomorrow."

Samuels is far from alone in South Florida. In September, reports showed that almost 20 percent of all mortgages in the area were in foreclosure -- a huge increase on the national average of 3.5 percent.

Mary Anna Ogilus was among the protesters who came to support Samuels at the courthouse. Ogilus, who immigrated from Haiti 35 years ago, says her house was foreclosed upon on September 12.

She was in her home for 30 years before being evicted. "I am homeless," she said, choking up. She wants to go back to nursing school, but she can't afford to complete her studies.

Samuels says her case in endemic of the larger problems with the American economy at the root of the Occupy movement: banks capitalizing on homeowners who fell victim to predatory loans.

"I hope to let people know that Congress needs to look into these illegal foreclosures and people committing fraud," she says. "I think the law needs to look into this."

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 82pizza
82pizza

Mary Ann it may not your time and may you got all together and may you had spoons in your mouth all your life. A job comes and go a job is not promise you you or me. I know one day you will have your time., I know this person she will feed you and house your ass for free and i use to get on for giving people her things and be mad with her your ass looking on the outside you need to come into the inside of a person and get to know them talking about the credit union who don't pay some bills sometimes. I know you Mary 'ann because you are balling like that.

Las Vegas Foreclosures
Las Vegas Foreclosures

Frauds are really up these days. It would be much be better to update your mortgage payments rather than having a foreclosure notice at your hand..

slras89
slras89

Mary Ann, If there were jobs out there, she might be able to get one.  From experience, I know there aren't.The woman also opend her house to people going through tough times...and not just economical.  Kids who have no homes would always be welcomed in her home for meals.  Other homeless people who were victims of what she is now going through were always welcomed too.  This woman was serving a much needed social purpose for her community.  Sometimes it's best not to show negativity when the whole story isn't so cut-and-dry.  We need to stick together in these tough times.

Grant
Grant

She may find that she qualifies for an Independent Foreclosure Review - the letters are already going out to homeowners who may have been financially injured as a result of errors or misrepresentations during the foreclosure porcess - it was required by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. If any readers would like to know more just message me at http://www.PalmBeachPremierRea... - Thanks, Grant

Mary Ann
Mary Ann

So the lady took a bunch of cash out, spent it, and is NOW crying poor. Booohooo. She is NOT a victim. I feel much worse for people that naively bought during the height of the real estate bubble and overpaid for a property but not for people like her. Stop protesting and go get a job!

Souke Tet Mwen
Souke Tet Mwen

You don't know this lady's circumstances or situation. All you know is what is put before you. So if you don't feel bad for her, oh well. Be thankful that you aren't in her shoes. Because this could've or maybe even one day soon will be you.

Mary Ann
Mary Ann

Get a clue Souke Tet Mwen....look her up on the Miami Dade Recorder's Office website. She has been down the deadbeat road before and other legal stuff. Apparently she is stiffing the MIAMI FIREFIGHTERS FED CR UNION too. Nice.............. She got the property in 2/2006 and took out a hefty mortgage on it in 3/2007. I guess getting a free house via probate court wasn't enough.... The consequence of greed. GET A JOB!!!

DB
DB

Mary Anne, I am looking at the public records and can't see how you draw these conclusions, please explain.

Sir Sausage
Sir Sausage

Yea but an investor told her she could use her fabulous house in Liberty City like an ATM!  Fine print in a contract be damned!

Brandt Hardin
Brandt Hardin

The Occupy Movement is NECESSARY for our citizens to exposethe corruption which Big Business has infected our Government with.  Every single person occupying the streets andprotesting Corporations is a hero and a patriot.  I was compelled to lend a hand and createsome new posters for the movement which you can download for free on myartist’s blog at http://dregstudiosart.blogspot...

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