
People are losing their homes. What does this mean in the real world? Newsweek takes a look at one sheriff in Cook County who will do no more foreclosures. Why did he stop?
It’s hard to explain; that’s why I always encourage people to come out with me. Until you’re physically out there, you can’t really get the magnitude of what you’re actually up to. It sounds like it’s an antiseptic process, and it’s anything but that. In the majority of the homes I was going into, there were always little kids around—I mean, really young kids, and we’re taking them and putting them out on the street. A lot of them were seniors, and a lot of them had issues with dementia. Once again—we’re taking them out to the street … Most of these neighborhoods are not good neighborhoods. Once [their belongings are] out on the street, we leave. While they’re off looking for transportation, the few things they own are being stolen.
I tried to work arrangements with landlords and mortgage holders to get me more information as far as who was in there, so I could try to get social services to them and somewhat mitigate this. And I had no luck.
Read this interview of a man on the front line. This is the real story of the collapse that many people in the middle or upper class simply do not know or understand. Yes, some took out mortgages they could not afford. But what about those who were assured by lenders that everything would be fine.? And what about tenants who had no clue that their landlords would not continue to make payments? Why does the federal government have billions for the bankers and essentially nothing for the people?
What would you do in this situation?
I got a bunch of stories. One in particular hit all the buttons. We went in, and standing in front of me is a young man, probably early 30s; he’s holding two 6-month-olds in his hands, in their diapers, both of them have colds; he’s got a 5-year-old, and an 11-year-old with his wife. And we’re there to throw him out.
He pulls out a lease he’d signed, which was all valid and notarized. The lease was entered into after the foreclosure had occurred—the case had gone through the courts, but this landlord was such a rotten person he kept renting the place out. If not for the steps we’d put in place, this guy was out in the street with these little kids.
(h/t Andrew Sullivan)