Rosemary Williams has vowed not to leave the South Minneapolis home where she’s lived for 26 years, even after falling into foreclosure. But Hennepin County District Court Judge Lloyd Zimmerman has ordered that she vacate the premises within seven days, the Star Tribune reports.
Social justice activists have rallied behind the embattled homeowner’s cause, arguing that she is a victim of pernicious lending practices. According to Williams, she fell behind on monthly payments after her adjustable-rate mortgage increased from $1,200 to $2,200. MnIndy interviewed Williams and some of her supporters back in March.
Last month the Central Area Neighborhood Development Organization and 17 of Williams’ neighbors filed a lawsuit seeking to stop her eviction, arguing that it would lead to neighborhood blight. But Judge Zimmerman ruled today that her mortgage company, GMAC Mortgage, had done nothing wrong in foreclosing on Williams and dismissed the lawsuit.
“Were the court to create a new legal principle based upon the argument of Ms. Williams and her supporters, no bank or mortgage company would ever lend to people living in economically distressed neighborhoods because financial institutions could not rely on courts to honor contracts freely entered into between consenting adults,” Zimmerman wrote in his order, as reported by the Strib.
Williams lost her home in a foreclosure sale in September. When she failed to vacate the premises by March 30, GMAC went to court to have her evicted. Settlement talks continue in that legal action.












6 Comments »
Comment posted June 18, 2009 @ 4:54 pm
How can you live some place for 26 years and be evicted? Clearly she pulled lots of money out of the home and got a big mortgage. Where is that money?
Comment posted June 18, 2009 @ 9:07 pm
So now Rosemary and her accomplice Cheri Honkala say that despite the court ruling they will try to stay in the house using civil disobedience! If they were not willing to abide by the court’s decision, why did they bring suit? Clearly they went to court in bad faith. Despicable. Not only does Rosemary refuse to pay back the money she borrowed (with her house as collateral) but she insists on wasting all of our tax dollars perpetrating a charade of a lawsuit.
I for one had sympathy for Rosemary when this began, but now I feel nothing but disgust. Imagine if the court had found in her favor and GMAC refused to abide by the decision? Can you imagine what the activists would say then? While, the situation is the same.
Go rent an apartment Rosemary and let somebody else buy the house. Somebody who will be more fiscally responsible.
Comment posted June 18, 2009 @ 9:12 pm
I just noticed the the headline. Wrong wording by a long shot. Rosemary is not a “homeowner”. She has not been a homeowner for months. Not since she stopped paying her mortgage and the house was foreclosed. A more accurate headline would have been:
Stubborn squatter has seven days to vacate foreclosed residence
Comment posted June 19, 2009 @ 9:42 am
Now if we can cancel contracts with UAW, we can get somewhere. Otherwise a fake bankruptcy. Also, I would like to declare BK and get rid off all my debts and keep my money. Where do I go?
(((((((((()))))))))
Fake bankruptcies, fake car companies, fake banks, all make me ill. REAL bankruptcies start soon, minus 100’s billions of taxpayers money.—STUPID STUPID STUPID
Comment posted June 19, 2009 @ 2:00 pm
It is sad to see someone lose their home no matter what the back story is. Just because the law is right on the side of the mortgage company it does not mean the morally right things were done it allow a mortgage to anyone whose likelihood of paying substantially more – nearly twice the original payment when the adjustments occur. GMAC, itself brokers and underwriters and all the other mortgage companies who have made a practice of making such loan lost their moral center for short term greed.
I will not condemn her but I do condemn the ‘legal’ but flawed mortgage environment that allowed and encouraged so many of these bad mortgage loans.
I hope Rosemary will find a nice place she can afford and make the move soon. It is time to make a clean start leaving this terrible mistake behind now. Thousands of families and individuals have had to pack their lost in on homes that were part of their American Dream. I would start a new dream and make it happen.
Pingback posted September 5, 2009 @ 1:23 pm
[...] 18, 2009 · Leave a Comment Embattled homeowner has seven days to vacate foreclosed residence // By Paul Demko 6/18/09 3:29 PM Source: MN [...]
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