Once again, when you shame the banks in a public arena utilizing social media and the press, you get results…
For Immediate Release: Monday, October 24th
Seattle Foster Mom, Cancer Survivor Receives Loan Modification
National campaign pressures Ocwen Financial to Modify Dixie Mitchell’s Loan, Continues Fight to Hold Big Banks Accountable
Seattle, WA – On Friday evening, Dixie Mitchell, long-term Seattle resident, cancer survivor and foster mother, received word that Ocwen Financial will modify her loan, following a national campaign launched by Washington Community Action Network. After years of fighting for a loan modification and numerous attempts at working with Ocwen, the Mitchell’s will finally be able to rest easy. Although no paperwork has been signed, Mitchell got word that for the duration of the loan she’ll pay a fixed interest rate of 2% and the monthly payments will be within the range she’s able to afford.
Due to an outpouring of national support, as well as help from local organizations and national partners, Mitchell’s story is one of success. Mitchell has been fighting to save her home for years, but the movement started gaining traction when Washington CAN!, in partnership with New Bottom Line, launched a national petition highlighting Mitchell’s story. Since then, Mitchell has gathered 7,558 signatures from people across the country, appeared on MSNBC’s Up With Chris Hayes and most recently held a press event at her home while activists from ForeclosureHamlet.org and 4closureFraud .org simultaneously delivered thousands of petition signatures and her loan modification paperwork to Ocwen Financial’s headquarters in Florida.
Ocwen – Delivery of Modification Package and Petition by Bermuda Triangle Recovery Services
While celebrating with friends and family, Mitchell said her story is connected to the larger fight to demand that big banks be held responsible to stop foreclosures and pay their fair share to fix the economy. “It’s not just about me,” said Mitchell. “Millions of families across the country are going through this as well. We won’t stop fighting until we’re able to make the big banks pay their fair share.” Mitchell joined activists outside of the King County Administration Building on Friday to protest a foreclosure auction and continue putting pressure on the big banks.
“Millions of people struggle as their homes are taken away through fraudulent foreclosures. The big banks have cost us, but its everyday people who are picking up the tab,” said Tracy Van Slyke Co-Director of The New Bottom Line. “The New Bottom Line was happy to work with Washington CAN! to launch an online petition to shine a spotlight on Ms. Mitchell’s story and to gather more than 7,500 signatures of support. This is only one story, but millions of people are demanding that it’s time that the big banks to pay us back.”
Mitchell and other activists won’t stop fighting until real change has been made that will help families stay in their homes. It’s time for big banks to pay their share to help fix our economy.