On March 13, 2009 City Live/Vida Urbana received the James Rouse Award for outstanding work by an urban non-profit organization in
Following are the remarks of Nadine Cohen, of Greater Boston Legal Services, who introduced the City Life/Vida Urbana awardees:
It is my great pleasure to present the James Rouse Award for most outstanding non-profit organization to City Life/Vida Urbana from
CLVU has played a major role in the current foreclosure crisis - trying to stop foreclosures and eviction in
In addition to helping tenants and homeowners negotiate the sales of their homes after foreclosure – sometimes at half their pre-foreclosure value – CLVU also holds public protests against Bank of America, protesting their unfair foreclosure policies. City Life/Vida Urbana has recently begun to surround foreclosed homes with crime scene tape saying, “White collar crime scene.” They are a strong and consistent voice against predatory lending and unfair foreclosures.
Dr. Martin Luther King, Jr.
“The hope of a secure and livable world lies with disciplined non-conformists who are dedicated to justice, peace and brotherhood.”
It is my honor to present the James Rouse Award for outstanding work by an urban non-profit organization to City Life/Vida Urbana – very disciplined non-conformists, who stand up for what is right and who lead the way by their actions.
Nadine Cohen
Managing Attorney
Consumer Rights Unit
Greater
I shopped “Major Lenders” as well as “Brokers” in California for an "Option ARM". In over a hundred telephone and in person conversations with loan officers, all were misrepresented, as it took several weeks before I finally was able to get anyone to explain to all aspects of the loan accurately. I do not believe I ever found all the answers in any single person. They were all misinformed, most preferred to believe they were selling a five year ARM, which they told borrowers, would recast to a fixed rate loan or they simply could refinance and get another "Option ARM". Washington Mutual Loan Officers insisted and showed me on a calculator how terribly mistaken I was in thinking that at 1.25% fixed minimum payment positively amortized. Anyone who borrowed with an Option ARM is a victim of fraud and the mortgage is invalid. Reference: Class Action taken by AG of California settled favorably for borrowers because of lender fraud with Countrywide the country's leading lender during the boom.
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