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Produce the Note! The Rallying Cry Against Foreclosure

March 30, 2012 10 comments

There’s hope for some, and it’s all about saving one’s home.  Foreclosure is no longer the end all; instead, there appears to be a couple of options from squatting in your own home to an offer from at least one bank to rent your own home.

I was watching The Rachel Maddow Show  when I first heard about Representative Marcy Kapture who rallied the cry on the house floor:  “I say to the American people you be squatters in your own homes.  Don’t you leave!”  This statement made back in 2009 has gained steam not only from the dire straits of those who are losing their homes today, but was founded and fought for by those who protested against the loss of their homes in the past: Foreclosures and Evictions from Depression to Recession.

Now, the new rallying cry is Produce the Note!  After all the fraud spurred by greed, it appears that many may have a chance to save their homes because mortgage brokers failed to secure the proper documents to prove your home is no longer yours.  In light of this information, it’s not surprising that at least one bank is offering the option to rent you your own home.

Call me a skeptic, but I believe the main reason why the rental option is now on the table is two-fold: the bank wants to make money until they can actually sell your home, and more importantly if you sign a document now there is an actual record.

You can find more information about the Occupy Our Homes movement via a host of media outlets inclusive of  Mother JonesSalon.com and Truthout.org while FindLaw offers specifics regarding “Produce the Note” tactics.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children wake up homeless on the continent they conquered.”  Thomas Jefferson