Banks Threaten Elderly Veterans With Foreclosure

Banks Threaten Elderly Veterans With Foreclosure

Two World War II Veterans in California are about to lose their homes–each of more than four decades– to foreclosure.

It’s a sad trend, and one that ought never to have existed. According to a recent AARP study titled, “Nightmare on Main Street: Older Americans and the Mortgage Market Crisis,” while the mortgage crisis has hit every age group, Americans who are 75-plus have been disproportionately hurt, especially those in the African-American and Hispanic communities.

On Sept. 17, members of the Alliance of Californians for Community Empowerment (ACCE), activists from Occupy Noe and Occupy Bernal and about 40 other activists gathered outside the War Memorial Veterans Building to protest bank foreclosures on veterans and seniors.

It’s great to see people taking a stand and encouraging communities all over the country to serve those who have served us, and keep our elderly veterans in their homes.