theGrio

Main menu

Skip to primary content
Skip to secondary content
  • Home
  • Politics
  • Business
  • Living
    • Health
  • Inspiration
    • Good News
  • Entertainment
    • Music
    • The Dish
  • News
    • Education
    • Sports
    • Black History

News

  • thanksgiving-travel-16x9.jpg

    Holiday safety tips

  • Meagan Good

    Good staying celibate

  • obama-and-choom-gang-16x9

    Obama's pot history

  • 2) I Am Legend (2007): In arguably one of his greatest dramatic performances, Smith held the screen virtually all by himself for most of this apocalyptic thriller's running time. He plays a military scientist who may or may not be the last man on the planet.  A scary good time at the movies.

    Will Smith's top 10 films

22 arrested in Los Angeles foreclosure protest at Chase

by theGrio | December 17, 2010 at 9:12 AM
Comments
Print
Foreclosures-LA-Protests.jpg

LOS ANGELES (AP) — Police arrested 22 demonstrators who blocked entry to a downtown Chase bank branch Thursday to protest what they said were unfair home foreclosures.

The demonstrators, which included homeowners facing foreclosure, community advocates and labor leaders, silently allowed officers to bind their wrists behind their backs with plastic restraints and guide them into a police van.

Dozens more demonstrators chanted and marched on a nearby sidewalk holding sighs that said “Stop Bank Greed, Save Our Neighborhoods” as the 12 men and 10 women were taken into custody.

Detective Gus Villanueva said there were no injuries to police or protesters. All the demonstrators were released by late afternoon after all but one of them received citations for trespassing, he said.

Villanueva did not immediately know why the one protester had not been cited.

Alliance of Californians for Community Empowerment member David Mazariegos said the demonstrators hoped to bring attention to the plight of people who were unjustly losing their homes.

He said banks’ failure to modify many borrowers’ loans puts them in violation of the Home Affordable Modification Program in which lenders agreed to participate as part of the bank bailout.

“The banks are not helping anyone stay in their homes,” Mazariegos said. “It’s highway robbery, what they’re doing to these people.”

ACCE director Amy Schur said the groups were singling out JPMorgan Chase & Co. because most of the borrowers whose foreclosures and evictions they are contesting are serviced by that bank.

Chase spokeswoman Eileen Leveckis disputed that the bank was denying help to distressed mortgage borrowers.

“Chase is committed to helping struggling borrowers remain in their homes,” she said in a statement, stressing that the lender had completed more than 250,000 modifications since early 2009.

Before the protesters blocked the doors leading to the Chase branch, homeowners at risk of losing their homes to foreclosure used a microphone to tell of their difficulties getting help from Chase and other banks.

Among them was Esperanza Casco, 47, who said her Long Beach home was foreclosed on even though she’d been making all the payments required under modification and forbearance deals worked out with Chase.

A Chase spokesman said in an Associated Press story last month that the bank gave Casco and her husband as many opportunities as it could to qualify for a modification, but that the couple was unable to do so.

The Cascos were scheduled to be evicted this month, but on Tuesday, Chase rescinded its eviction threat and offered them a new modification.

Chase spokesman Tom Kelly on Thursday declined to detail why the bank changed its mind, saying only that it reviewed the case again “with updated financials” and was able to approve the modification.

But Esperanza Casco said the financial information they sent the bank most recently was identical to the paperwork they previously provided.

“They saw that we were putting pressure and the publicity we were getting. But this is not just about us,” she said in Spanish through an interpreter. “There’s lots of people facing the same situation we’re in.”

Copyright 2010 The Associated Press.

Filed in: Money, News, Politics, Top Stories | Related Topics: Arrest, Bank, Foreclosure, Housing, Los Angeles, Protest
  • Top Stories in News

    • Slideshow: The 15 best dunkers in NBA history Slideshow: The 15 best dunkers in NBA history
    • The noose makes a comeback The noose makes a comeback
    • Hidden WWII film could aid today’s vets Hidden WWII film could aid today’s vets
    • ‘Man with 30 kids’ actually has 24 ‘Man with 30 kids’ actually has 24
    • Serena Williams says sister Venus is ‘inspiring’
    • Rape conviction overturned: Now what?
    • Marvin Winans’ license suspended when carjacked
    • DNA study seeks origin of Appalachia’s African-Americans
  • New Stories on theGrio

    • How WWII vets helped lead the civil rights fight How WWII vets helped lead the civil rights fight
    • Rangel on black America’s truest heroes Rangel on black America’s truest heroes
    • Remembering America’s black war heroes Remembering America’s black war heroes
    • Beyoncé performs for first lady, Malia and Sasha Beyoncé performs for first lady, Malia and Sasha
    • Rape conviction overturned: Now what?
    • Rap Genius: Top 5 rap lyrics of the week
    • Hidden WWII film could aid today’s vets
    • Obama honors veterans during Memorial Day weekend
  • LIKE TheGrio

  • Hot on Facebook

  • Category Cloud

    Atlanta Black History Business Chicago Detroit Education Entertainment Health Inspiration Living Los Angeles Miami Money News New York Opinion Philadelphia Politics Reviews Service and Activism Slideshow Sports TheGrio's 100 TheGrio's 100 Women Top Stories Travel and Leisure Video Washington DC
  • More from theGrio

More Stories on theGrio

Top News

Politics

  • A National Park Service officer stands guard (Photo by Win McNamee/Getty Images)

    Florida voters support 'Stand Your Ground' law

  • Marion Barry: I misspoke when I said 'Polacks'

  • Obama's pot history

  • Booker to critics: 'Sorry I made u sick'

» Read More in Politics

Business

  • © olly - Fotolia.com

    Black Enterprise celebrates largest black companies

  • Facebook unveils Instagram rival

  • Donna Summer album sales up 3,277 percent

  • 5 resources for black entrepreneurs

» Read More in Business

Living

  • thanksgiving-travel-16x9.jpg

    Holiday safety tips

  • Good staying celibate

  • 'He tucks me in,' first lady says of president

  • Obesity costs: The new second-hand smoke?

» Read More in Living

Inspiration

  • Original Tuskeegee Airman Leonard Yates greets Quinn Thorne on his birthday.

    Tuskegee Airman grants b'day wish

  • Serena Williams says sister Venus is 'inspiring'

  • Investors plan soccer stadium for Haiti

  • Meet the breakout star of 'Battleship'

» Read More in Inspiration

Entertainment

  • Rapper 50 Cent performs onstage during day 3 of the 2012 Coachella Valley Music & Arts Festival at the Empire Polo Field on April 15, 2012 in Indio, California. (Photo by Christopher Polk/Getty Images for Coachella)

    50 Cent endorses marrige equality

  • Beyoncé's announces first post-baby concerts

  • Diddy's son earns $54K football scholarship

  • Will Smith's top 10 films

» Read More in Entertainment

News

  • This May 24, 2012 file photo shows Brian Banks reacting in court after his rape conviction was dismissed in Long Beach, Calif. (AP Photo/Nick Ut)

    Rape conviction overturned: Now what?

  • Hidden WWII film could aid today's vets

  • Backlash against African migrants in Israel

  • Black family members skip European soccer championship

» Read More in News

Main menu

Skip to primary content
Skip to secondary content
  • Politics
  • Business
  • Living
  • Inspiration
  • Entertainment
  • News
  • Help
  • Terms of Service
  • Privacy Policy
  • Advertise with TheGrio
  • About
©2010 NBCUniversal
Powered by WordPress.com VIP