Mr. Frederick Aluede, Homeowner & his son, Rev. Herbert Daughtry,
Chairman of the Downtown Brooklyn Neighborhood Alliance & Ms. Peggy
Morrison, Executive Director of the Jamaica Housing Improvement Association
Peggy Iman Washington, Committee Coordinator for Financial Literacy
& Mr. Timothy Lucus, Homeowner
Rev. Herbert Daughtry Convenes Community Forums on
Mortgage Foreclosures, Predatory/Subprime Lending,
Debt Restructuring & Money Management
The persons in the pictures attended a community forum held at the Timbuktu
Learning Center (TLC) on Mortgage Foreclosures, Predatory Lending, Subprime
Lending and Money Management. These forums, designed to help families
who are facing foreclosure save their homes, are being sponsored by
the Downtown Brooklyn Neighborhood Alliance (DBNA) and the Alonzo Daughtry
Family Life Services (ADFLS).
At the last two Thursday night Community Forums, the subject has been
on Mortgage Foreclosure, Predatory and Subprime Lending and Money Management.
“The housing crises in our communities continue to create economic
problems that are far reaching,” stated Rev. Daughtry. In 2007,
statistics showed that over 2,700 Brooklyn homeowners who were refinanced
by subprime lenders, over 1,500 of them are now faced with a form of
foreclosure action and that of the 1,500 families 80% were non-white.
According to Rev. Daughtry, “This crisis has repercussions for
communities as the change of ownership of property will result in a
change of culture and complexion – in a word – regentrification
is inevitable! In addition, the crisis has repercussion for family solidarity.
Families, who have had properties for generations, are now threatened
with loss. This will produce serious family disruption. Health is also
threatened. In our last forum, Mr. Frederick Aluede, a homeowner who
is being assisted by Ms. Peggy Morrison, Executive Director of the Jamaica
Housing Improvement Association, related his experience. Because of
deceptive paper work by the bank, which indicated that he earned 100%
more than he had actually told them he earned, after the property was
purchased, Mr. Aluede could not meet the mortgage payments which brought
him to the brink of foreclosure. His 12 year old son shed tears daily
as he witness his mother crying because of the possibility of them loosing
their home. Fortunately, this family had some one to come to their assistance.
There are innumerable persons who have no one to help them.
We have been organizing weekly forums to educate and assist people on
how to get a stay on mortgage foreclosures, money management and debt
restructuring. Committees have been formed in the following areas: Legal,
Legislative, Education, Financial Literacy, Youth, Court Appearance,
and Health & Social Services.
It is of paramount importance that people not only become educated in
this matter; seek all the assistance they can, especially in the areas
of budgeting and money management, but also, they must do something
to act on their own behalf. Ms. Peggy Iman Washington, our committee
coordinator on Financial Literacy, has been doing an outstanding job
of assisting families in this regard. We believe we can make a difference,
if we stand and fight together.”
Attend the next Community Forum which will be held on Thursday, January
24, 2007, 7pm at the House of the Lord Church. For further information
contact Minister Omar Wilks at (718) 596-1991 or (718) 797-2104.