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Wednesday, August 22, 2012

Nationstar Calls Off Bayview Foreclosure, Sheriff Is a No-Show for Scheduled Eviction

Posted By on Wed, Aug 22, 2012 at 12:19 PM

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It looks like Nationstar has become the latest lender to hop onto the Bayview foreclosure bandwagon, and thus they are the latest lender being targeted by neighborhood activists.

This morning, the hard-working folks that make up Occupy Bernal joined the Alliance of Californians for Community Empowerment to stop San Francisco resident Kim Mitchell from being evicted.

Approximately 40 neighbors and foreclosure fighters convened at his Bayview home where they were prepared to physically block the sheriff from tossing Mitchell from his house. 

But the sheriff was reportedly called back, meaning one more San Franciscan is back inside him home today.

ACCE told us that Mitchell has lived in Bayview all his life, and now he is on the brink of losing his home -- and nobody is really certain why. Until this morning, he wasn't even sure which bank was after him, Nationstar or Aurora Loans.

Here's the back story: Mitchell began his loan nightmare with Aurora bank, and when his payments began to increase, he told the bank he wanted to apply for a loan modification. Lenders told him he needed to be six months behind in payments to qualify, according to ACCE. (Let's get this straight. To prove Mitchell has money issues, he has to seem even poorer by not meeting his payments. Huh. It's almost like they're rewarding people for their bad money problems.) Mitchell did what many other foreclosure victims did over the last decade: He took bad advice from lenders.

Mitchell skipped six months of house payments and eventually qualified for a trial loan modification. During this trial period, Mitchell paid off everything. As the trial period came to a close, Mitchell asked Aurora if the company could make the modification permanent, but Aurora denied him because he "was missing paperwork," according to a written statement from ACCE.

That's when things started getting curious.

One day in January, 2011, a guy approached Mitchell while eying his house, and informed him that Mitchell's house was up for grabs at an auction. Naturally, Mitchell had questions, like, for instance, who was trying to foreclose on him?

Aurora has disintegrated. Nationstar, a Texas-based mortgage company, had purchased Aurora Loan Services LLC, and it began transferring Aurora's services in July, according to media outlets.

"I'm going to fight to keep my home," Mitchell said earlier today.

San Francisco Foreclosure fighters, the seven other victims of Nationstar, and other neighbors fought alongside him this morning. They practiced arrests, called the banks, and talked to local media, said Grace Martinez, spokeswoman for ACCE.

Maybe all this noise worked, because the sheriff was ordered to postpone the eviction, she said. Later, protesters learned that it was Nationstar who had ordered the sheriff to call off the eviction.

One mystery solved. And another foreclosure successfully dodged.

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Suzanne Stathatos

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