We republish here a press release from Occupy Homes MN following a successful campaign to stop US Bank from auctioning off the Vinje family’s home. Thanks to all Socialist Alternative members across the country who participated in the national call-in campaign to US Bank VP Tom Joyce. -Ty Moore
Occupy Homes Protest Forces Delay of Sheriff Sale
US Bank buckles under pressure, delaying sale of veteran John Vinje’s home until May 29th
See a video of Johns victory speech here:
After a week of escalating pressure demanding US Bank postpone the sheriffs sale of John and Lucinda Vinjes home, Occupy Homes won another 11th hour victory today. John Vinje led a contingent of 50 Occupy Homes MN supporters into the Hennepin County Sheriffs Office Civil Division where the sale was to take place at 11:00am this morning. Speeches, chants, and song filled the marbled hallways in the ground floor of city hall. No potential buyers were seen entering the courtroom the entire time, and just after 11:30am it was announced that US Bank had delayed the sale to May 29th.
Following the victory, John said: This shows that the power is now with the people, and not with large, monolithic corporations, like US Bank. Homeowners throughout Minnesota facing foreclosure, facing sheriff’s sales, should get together with their community and demand a postponement and renegotiation. They should get connected with Occupy Homes because we can save homes throughout the state of Minnesota when we all work together.
Todays action followed a week of escalating pressure on US Bank, including a national call-in campaign aimed to VP Tom Joyce, and a march on US Bank CEO Richard Davis mansion on April 7th. Ty Moore, an organizer with Occupy Homes explained: Weve got the banks scrambling already, but this fight is just beginning. Johns victory, following Monique and Bobbys victories, is sending a message. Minnesota homeowners arent going to leave their homes quietly and in shame anymore. Its the banks and CEOs like Richard Davis who should be ashamed!
Occupy Homes MN achieved national media attention after winning Bobby Hulls foreclosed home back after US Bank bought his property at a sheriff sale, and repeatedly delaying the eviction of Monique White, who also received her original mortgage through US Bank. John and Lucinda Vinje are among a growing number of homeowners joining together through Occupy Homes to fight back against the unjust and illegal banking practices behind the foreclosure crisis.
John and Lucinda Vinje bought their home in 2008, the first house either of them had ever owned. John is an Air Force veteran now working as a security guard, and Lucinda has worked a government job for ten years. But when financial difficulties caused them to fall behind on payments by just two months, US Bank refused their request to repay their arrears in installments and immediately began foreclosure proceedings. Meanwhile, Lucinda has been forced into “medical retirement” due to a chronic condition, adding financial strain on the family.
If US Bank would renegotiate their mortgage to current market value as the Vinjes request, they could afford the payments. After six months of delays, in March US Bank offered them a measly $97 less on their monthly payments. Both John and Lucinda have worked their entire lives, but now stand to lose the only home they have ever owned.
See a video of John and Lucinda’s story here: