This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Occupy Our Homes Battles Foreclosures

Barber said that she avoided going public with her case for two years because she didn't want to "air my dirty laundry." But now that she's a focal point of an OOH effort, she said that she feels "pride."

The shift in her mindset is an example of what many point to as Occupy Our Homes' greatest contribution: The movement has helped chip away at the stigma attached to foreclosure and has spurred distressed homeowners and their neighbors to fight back.

"Nobody was telling homeowners that they could say 'no' and that they shouldn't feel ashamed," said Melissa Byrne, an organizer with OOH D.C. But now, because of OOH, many see that "it's important to fight" for themselves and others, she said.

Mike Haack, another OOH D.C. organizer, said that his group has been involved in four campaigns since its launch. One campaign won a homeowner a loan modification, he said, while the other ended after three months when "federal marshals showed up with machine guns and pushed the homeowner out." Two other campaigns are ongoing, he added.

Cultivating Empathy

OOH has brought many cases of struggling homeowners facing foreclosure into the limelight, and that's put "real faces and real people" to a foreclosure crisis that has claimed millions of homes, said Eric Hersey, a spokesperson for the National Community Reinvestment Coalition. The organization's affiliates often partner with OOH groups.

"I think it creates much more empathy: Neighbors standing up to protect neighbors from a system that's stacked against the little guy," Hersey said.

OOH chapters have snowballed in some communities, organizers said. Residents may initially come to the defense of a neighbor only to become rank-and-file members of OOH afterward, participating in other campaigns. Organizers also said the same goes for the homeowners who actually receive the support.

Rev. Michael Vanzant, who is disabled after suffering a stroke and is working with OOH D.C. to hold onto his home, said that he plans to support the group even if it fails to turn back his eviction.

"I've realized that I am not alone and that there are many other people who are in the same situation that I am," said Vanzant, the founder of a D.C. church.

2 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs