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Jennifer Granholm Discusses Zombie Foreclosures

Millions of middle-class Americans lost their homes in the mortgage crisis. Among them is Joseph Keller, 58, a former social worker in Columbus, Ohio. Five years ago, he and his wife fell 10 months behind in their house payments and received a foreclosure notice from JP Morgan Chase. They packed up their belongings and moved. Two months later the bank changed its mind and decided not to foreclose after all, but Keller never found out. Keller’s not the only one in this situation. Michelle Conlin, a reporter for Reuters, joins Jennifer Granholm in “The War Room” to discuss.

A report by Conlin recently was the basis for a post I wrote called "Foreclosure Horror: The Zombie Title."

No one is keeping track of exactly how many homes out there that owners have abandoned, thinking that the banks have auctioned them off after receiving the foreclosure notice, and in many cases being locked out of the homes. But just as probably all of us know of someone who lost their home to foreclosure during the economic crisis, we'll soon likely know of someone being stalked by a zombie foreclosure.



As the first anniversary of the Occupy Wall Street movement is approaching, activists are organizing multiple events with the themes centering on the ongoing debt crisis, student loan crisis and mortgage crisis.

"We want to celebrate our resistance over the past year with actions pointing to the ongoing debt crisis, the student debt crisis, the home mortgage and loans debt crisis," said Karanja G. an activist with the movement.

He told Press TV’s U.S. Desk that police brutality, oppression, and racism were among some of the other issues the 99 percenters sought to address at the anniversary of their movement.

The Occupy Wall Street demonstration started out on September 17 last year with around a dozen college students spending days and nights in Zuccotti Park in New York.

The demonstrators protest against government corruption an unequal distribution of wealth wherein one percent of the American population benefits from the capitalism system, while the other 99 percent is exploited. The protesters say they are that 99 percent.

[Via]