San Francisco Board of Supervisors Unanimously Passes Foreclosure Moratorium Resolution

The San Francisco Board of Supervisors on April 10 voted unanimously to pass a resolution calling for “support for state and federal measures to protect homeowners and suspension of foreclosure activities in San Francisco”. The resolution supports the Homeowner Bill of Rights legislation before the state legislature and urges city and county officials and departments to protect homeowners from unlawful foreclosures. The resolution also urges all mortgage and banking institutions to suspend foreclosure activities and related auctions and evictions until state and federal measures to protect homeowners from unfair and unlawful practices, as well as provisions for principal reductions, are in place.

Supervisor John Avalos proposed the resolution with co-sponsors Supervisors David Campos, Malia Cohen, Jane Kim, Eric Mar, and Christina Olague. Amy Beinart and Stardust of Occupy Bernal wrote the original draft of the resolution.

Link: The Resolution As Passed

2 comments on “San Francisco Board of Supervisors Unanimously Passes Foreclosure Moratorium Resolution

  1. Deetje Boler on said:

    Oh, yeah? But what is the City and County actually going to do about the evictions? “Urging” by the Board of Supervisors of others to do something is better than a kick in the pants but actually that’s all that it is, if even that. A good clue to that is the unanimous vote: it must be toothless if they all agree and Chiu hasn’t even had to dream up an undermining poison pill (or maybe I’m wrong, and this toothless thing is the result). Anyway, they’re all smugly wringing their hands together and then free to pat each other on each other’s backs with them, so freshly wrung, when they’re finished. So what then…?

    • admin on said:

      The Foreclosure Moratorium Resolution is a first step. A variety of strategies can follow, for example, getting the City Attorney, the District Attorney, the California Attorney General, and/or the US Attorney for the Northern District of California to start prosecuting the banks for legal violations they’ve committed with predatory mortgage loans and related foreclosure auctions and evictions. Another possibility is to stop the foreclosure auctions and evictions directly… sign up at http://www.stoptheauctions.org or http://www.stopevictions.org

Leave a Reply

Your email address will not be published. Required fields are marked *

*

* Copy This Password *

* Type Or Paste Password Here *

111,542 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>