100 Stories of What Wall Street Broke: MORE Member Annie

Crossposted from 100 Stories of What Wall Street Broke at the Home Defenders League

Annie is one of the Covington Seven who are facing prosecution from the Department of Justice for protesting the revolving door between Wall Street and government. Stand with the Covington Seven by signing the petition or donating to help cover the costs of traveling back to DC for their court date.In late 2007 business started to taper off for my painting company. I wasn’t really worried until the following year when things started to fall apart faster due to the financial crash. At this point, I was still able to pay my mortgage on time.By 2009 there was a sharp fall in my business. It became harder and harder for me to keep up with my bills and I missed a couple of mortgage payments. I was still able to hold on and catch up but it was turning into a real struggle for me.By 2010, my business was a a stand still. I started getting foreclosure threats from US Bank. The bank was giving me conflicting and false information and I started to reach out to housing counselors. In 2011, I had my first contact with the St. Louis group MORE. At this stage, I had managed to avoid several sale dates. MORE gave me the moral support that I need to continue my fight for my house. Working with them, we were able to keep postpone for a long time. This strategy of postponement proved to be a crucial component of me keeping me house.After a good fight, US Bank finally foreclosed on me and put my house on the market. I stood strong and refused to give in or to leave my home. The house remained on the market all year but the price kept dropping.Finally, in late 2012, a long time family friend and real estate agent saw my house on the US Bank website for an extremely low price. In an amazing display of kindness, she bought the house and returned it to me. Stalling worked as a tactic because it allowed time for the price of the house to drop low enough to make saving it possible. I know I would have lost the house without the support of MORE.

Annie is one of the Covington Seven who are facing prosecution from the Department of Justice for protesting the revolving door between Wall Street and government. Stand with the Covington Seven by signing the petition or donating to help cover the costs of traveling back to DC for their court date.

In late 2007 business started to taper off for my painting company. I wasn’t really worried until the following year when things started to fall apart faster due to the financial crash. At this point, I was still able to pay my mortgage on time.

By 2009 there was a sharp fall in my business. It became harder and harder for me to keep up with my bills and I missed a couple of mortgage payments. I was still able to hold on and catch up but it was turning into a real struggle for me.

By 2010, my business was a a stand still. I started getting foreclosure threats from US Bank. The bank was giving me conflicting and false information and I started to reach out to housing counselors. 

In 2011, I had my first contact with the St. Louis group MORE. At this stage, I had managed to avoid several sale dates. MORE gave me the moral support that I need to continue my fight for my house. Working with them, we were able to keep postpone for a long time. This strategy of postponement proved to be a crucial component of me keeping me house.

After a good fight, US Bank finally foreclosed on me and put my house on the market. I stood strong and refused to give in or to leave my home. The house remained on the market all year but the price kept dropping.

Finally, in late 2012, a long time family friend and real estate agent saw my house on the US Bank website for an extremely low price. In an amazing display of kindness, she bought the house and returned it to me. Stalling worked as a tactic because it allowed time for the price of the house to drop low enough to make saving it possible. I know I would have lost the house without the support of MORE.

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commented 2013-11-06 20:20:01 -0600 · Flag
TY :)