To: Ras Baraka, Mayor of Newark
Mayor Baraka – Cities Across the Country Are Looking to Your Leadership to Stop the Foreclosure C...
Every day Newarkers – and families in cities across the country - are losing their homes to predatory lending and illegal foreclosures by banks. As a result, our communities are becoming increasingly blighted by vacant and abandoned homes. Every day that passes without aggressive local action by the City of Newark, is another day that a Newark family loses their home and community.
Mayors and City Councils from coast-to-coast are anxiously awaiting your leadership against this crisis and are ready to stand with you in this fight against Wall Street!
Mayors and City Councils from coast-to-coast are anxiously awaiting your leadership against this crisis and are ready to stand with you in this fight against Wall Street!
Why is this important?
Following the lead of Mayor Ras Baraka, over a dozen mayors from across the country co-sponsored a resolution at the U.S. Conference of Mayors that calls for banks to release delinquent mortgages to community based lenders. This is a major effort to stop our neighborhoods from being raided for profit over by Wall Street.
Mayors and City Councils from coast-to-coast are anxiously awaiting your leadership against this crisis and are ready to stand with you in this fight against Wall Street!
When Ras Baraka became Mayor a year ago, WE became Mayor! We believe in Newark and in the resilience of our communities.
Unfortunately, families in Newark continue to lose homes to predatory lending and illegal foreclosures by banks. Meanwhile abandoned homes and vacant buildings created by the foreclosure crisis sit empty while private equity firms from Wall Street speculate and profit from our neighborhoods.
Local elected leaders in cities hit hard by foreclosures, have looked to Newark as a model to get toxic and delinquent mortgages out of the hands of speculators and into the hands of financial organizations that will work to get large scale principle reduction for our communities.
Aware of the commitments Mayor Baraka made during his campaign, a growing movement of local leaders stands ready to join the fight against the foreclosure crisis created by Wall Street. Homeowners in Newark are building a movement to push for housing justice in our city – and our work here will blaze a trail for activists and local elected leaders everywhere!
We demand aggressive local action by the City of Newark to seize toxic “PLS” mortgages and to move distressed mortgages from banks into the hands of good actors, like community-based investors, who are concerned about the future of Newark families struggling to save their homes and neighborhoods from profiteering Wall Street banks and private equity firms.
Mayor Baraka – your leadership on this issue has jumpstarted a national movement of municipalities demanding justice from Wall Street. It is time for Newark to lead the next phase of the battle. Please take the courageous steps that will reset these troubled mortgages and stabilize the housing market in our neighborhoods.
Mayors and City Councils from coast-to-coast are anxiously awaiting your leadership against this crisis and are ready to stand with you in this fight against Wall Street!
When Ras Baraka became Mayor a year ago, WE became Mayor! We believe in Newark and in the resilience of our communities.
Unfortunately, families in Newark continue to lose homes to predatory lending and illegal foreclosures by banks. Meanwhile abandoned homes and vacant buildings created by the foreclosure crisis sit empty while private equity firms from Wall Street speculate and profit from our neighborhoods.
Local elected leaders in cities hit hard by foreclosures, have looked to Newark as a model to get toxic and delinquent mortgages out of the hands of speculators and into the hands of financial organizations that will work to get large scale principle reduction for our communities.
Aware of the commitments Mayor Baraka made during his campaign, a growing movement of local leaders stands ready to join the fight against the foreclosure crisis created by Wall Street. Homeowners in Newark are building a movement to push for housing justice in our city – and our work here will blaze a trail for activists and local elected leaders everywhere!
We demand aggressive local action by the City of Newark to seize toxic “PLS” mortgages and to move distressed mortgages from banks into the hands of good actors, like community-based investors, who are concerned about the future of Newark families struggling to save their homes and neighborhoods from profiteering Wall Street banks and private equity firms.
Mayor Baraka – your leadership on this issue has jumpstarted a national movement of municipalities demanding justice from Wall Street. It is time for Newark to lead the next phase of the battle. Please take the courageous steps that will reset these troubled mortgages and stabilize the housing market in our neighborhoods.