Aug 022013
 

S. Baxter Jones and supporters at a rally against Fannie Mae and Freddie Mac, held at UAW Local 600, on May 20, 2013

S. Baxter Jones and supporters at a rally against Fannie Mae and Freddie Mac, held at UAW Local 600, on May 20, 2013

Support Baxter Jones in the 12th District Court at his eviction hearing.

Pack the Courtroom

312 S. Jackson St, Jackson, MI  map

August 8, 2013

9:30 AM       (Please arrive by 9:15 AM)

S. Baxter Jones again faces the threat of eviction by Fannie Mae at a court hearing on Thursday, August 8, at 9:30  am, in Jackson, MI.  After twice winning delays in the eviction in bankruptcy court with the support of dozens of people in the courtroom, Jones’ bankruptcy has been discharged and his case is back in the 12th District Court. He needs your support!

Bus transportation to Jackson available

The bus will leave at 6:30 am from Pleasant Grove Baptist Church, 13651 Dequindre St, Detroit.  Secure parking is available at the church on McNichols  It will arrive at 5920 Second Ave. (Moratorium NOW! Coalition office) at 6:50am and depart for Jackson at 7:00 am. The bus has room for 14 passengers plus 1 space for a wheelchair.  Call 313-680-5508 to reserve a seat ASAP.  Remaining seats are available on a first come first served basis. To cover gas, each passenger must contribute $7 for round trip expenses.

Car pooling is also being coordinated.  If you have  extra seats to share with others, please call 313-680-5508.

Fannie Mae attempts to extort S. Baxter Jones

An investor offered to work with a qualified non-profit to purchase the home from Fannie Mae at current market value, on behalf of S. Baxter Jones. Fannie Mae requested proof that the funds to purchase the funds were available.   Trott and Trott, the law firm that Fannie Mae is using to evict Mr. Jones, stated during his bankruptcy that his home was worth $58,000.  After demonstrating to Fannie Mae that the funds to purchase the home at fair market value were available, Fannie Mae demanded $242,732.10, or more than 4 times the home’s value.

Call Fannie Mae

Demand it stop the eviction of S. Baxter Jones and work with him to modify his loan with a principal reduction to current market value and a low interest rate so he can stay in his home.

Call Chris Daugherty, Escalation Specialist, 972-656-8600

Refer to: LOAN # 025 301 6042;    ADDRESS: 8789 Rexford Road, Jackson, MI 49201

Background

Fannie Mae, the owner of the mortgage loan on his home, and Wells Fargo, the mortgage loan servicer, have consistently refused to negotiate with Jones.  Jones qualifies for loan modification programs that were specifically designed for persons with disabilities in his situation.  Nevertheless, Fannie Mae and Wells Fargo refuse to even consider him for the programs.

Jones, a teacher in the Detroit Public Schools for 20 years, lives in Jackson County.    He suffered traumatic brain injury in 2005 and is now a person with severe disabilities.  Unable to work for almost two years,  Mr. Jones depleted his sick bank fund and life savings forcing him to return to work prematurely with an undiagnosed traumatic brain and spinal cord injury.  In 2010, the injury was finally diagnosed , and in April 2010, Mr. Jones received a family medical leave approved by Detroit Public Schools.  In July 2010 while on summer break, he was unjustly fired by DPS, which was under the control of Emergency Financial Manager Robert Bobb, because he could no longer fulfill his work related education and re-certification requirements!  And then he was denied his pension.

“I was a middle school teacher and coach at Fisher Middle School. I was active in the community. I worked with kids and it was my passion. Now I’m not being given the opportunity to stay in my home because of my unfortunate circumstances,” said Jones.

“It was what I worked for. I love my home and I want to stay there,” said Jones.

In 2008, the Federal government took over Fannie Mae and Freddie Mac, in order to avert a complete collapse of the Wall Street Banks and the financial system. Fannie Mae and Freddie Mac create, buy and sell mortgage backed securities, controlling more than 60% of all mortgages and backing almost 90%of new mortgages in the U.S.   Fannie and Freddie guarantee these mortgages, which means that when a homeowner ges evicted, the banks and private investors lose nothing – the taxpayer picks up the tab.    To date, the taxpayers have covered about $188 billion in losses and the Federal Reserve has purchased more 1 trillion in mortgage backed securities and continues purchase $40 billion per month. This is $40 billion a month that goes directly to the banks and the 1%.  Despite the taxpayer support, Fannie Mae refuses to work with Jones.

Wells Fargo Bank, which foreclosed on Jones, received $36.9 billion in bailout funds and an unknown amount from the Federal Reserve’s $8 trillion emergency loan programs for Wall Street.  Yet, Wells Fargo has a poor record in working out loan modification programs for homeowners.  Furthermore, Wells Fargo, along with the other banks, refuse to pay the property taxes on many of the homes that they foreclosed on in Detroit, after throwing out the families!

Join with the supporters of S. Baxter Jones in court on Thursday.  The eviction hearing will be courtroom of Judge Michael Klaeren, located in the 12th District Court, 312 South Jackson Street, Jackson, MI.  See map.

Videos on the Struggle to Save the home of S. Baxter Jones:

Demonstration at Wells Fargo, Jackson, MI, March 16, 2013

Eviction Defense of S. Baxter Jones Video

 August 2, 2013  Posted by at 9:27 pm Foreclosures and Evictions Tagged with: , , ,  Add comments

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