The Home Defenders League is a national movement of underwater homeowners and our allies fighting Wall Street to get back what Wall Street stole from us and for a stronger economy for all of us.
Years after Wall Street banks gutted the economy, we are still paying the price for their greed and recklessness. As underwater homeowners and foreclosure victims we are the ones wrestling with servicers that file fraudulent paperwork and don’t return our phone calls. There are millions of us facing wrongful foreclosures and 15.7 million of us are underwater — meaning banks are charging more for mortgages than our homes are worth.
We’ve experienced three years of broken promises from big banks and failed assistance efforts from the Federal government. We have had enough of the talk and half-measures and are calling for bold action. After working in isolation, we are joining together to demand that our politicians and candidates seeking office make banks pay us back for the damage they have done to our families and our communities through policies that will boost the overall economy.
Here’s what we stand for:
- Resetting of mortgages (principal reduction) to current market value
- Families have the right to stay in homes, paying rent, post foreclosure
- Families, post foreclosure, have the right of “first refusal” to buy back their home at real current value
- A moratorium on foreclosures until due process and fairness can be ensured