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Is Acorn taking it too far? Tell me again Why does our Government give them money?

Earlier this week, ACORN activists broke into a foreclosed home in Baltimore. With a mob cheering and camera crew taping, ACORN leader Louis Beverly busted a padlock and jimmied the door open at 315 South Ellwood Ave. The home once belonged to restaurant worker Donna Hanks, who assailed her evil bank for raising her mortgage by $300 and leaving her on the street. “This is our house now,” Beverly declared with Hanks by his side at the break-in.
What ACORN didn’t tell you: Hanks’ house was sold in June 2008 for $192,000. She bought the two-story home in the summer of 2001 for $87,000. At some point during the next five years, she re-financed the original home loan for $270,000. Where did all that money go? (Hint: Think house-sized ATM.)
The property initially went into foreclosure proceedings in the spring of 2006. Hanks soon filed for bankruptcy and agreed to a Chapter 13 plan to pay back her bank and other creditors.

Answer Question

Asked by Anonymous at 7:50 AM on Feb. 26, 2009 in Politics & Current Events

Answers (5)
  • In September 2006, the bankruptcy court ordered Hanks’ employer to deduct $340/month from her salary to pay down the debt. Hanks did not comply with the legally binding plan. In December 2007, the loan servicer issued a notice of default on nearly $7,000 past due.
    While she was reneging on her mortgage IOUS, she somehow managed to collect rent on her basement (for which she was taken to court) and rack up a criminal record on charges of theft and second-degree assault. The house was sold seven months ago after two years of court-negotiated attempts to allow Hanks to dig herself out of her debt hole.

    Answer by Anonymous at 7:51 AM on Feb. 26, 2009

  • Baltimore ACORN leader Louis Beverly, who also claims to be a foreclosure victim himself, was charged with burglary for the break-in and released. He is literally a housing thug – having been charged with separate second-degree assault and property destruction charges earlier this year and battery, assault, handgun possession and possession of a deadly weapon with intent to injure in 1992; and slapped with a peace order issued against him in 2006.


    Answer by Anonymous at 7:52 AM on Feb. 26, 2009

  • These people should NOT be getting federal money.

    Answer by momof030404 at 7:59 AM on Feb. 26, 2009

  • ACORN should be stripped of it's tax-exempt status, closed down and all it's head officers should be jailed, pending investigations into federal fraud, tax evasion and other financial irregularities.

    Answer by pagan_mama at 9:14 AM on Feb. 26, 2009

  • First we need TMZ to track bank abuse, then we need whack job bloggers to bother looking up the public records in stories like this. Our media is getting sadder every day.

    Answer by NotPanicking at 9:59 AM on Feb. 26, 2009

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