Banks Prepare To Fight Back Against ‘Occupy Our Homes’ Movement
Think the banks are taking the Occupy Our Homes (a spin off from the Occupy Wall Street movement) seriously?
You bet they are.
Here is a confidential email that was sent to agents who are listing REOs for CitiBank.
SUBJECT: Occupy our Homes
As many of you have heard in the news, the Occupy Wall Street Movement is now venturing into FIP (Foreclosure in Process) and REO (Real Estate Owned) territory. Their goal is to mobilize to protest evictions and they are now suggesting occupiers move into vacant FIP and REO properties and physically take possession by moving into the home. CitiMortgage must be aware and alert for any potential occupants not legally in the home.
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Agents: Please be vigilant regarding properties confirmed as vacant that are now showing occupied activity. If you have any properties that fit this description, immediately notify your Asset Manager for escalation.
Asset Managers: Upon notification of a vacant-to-occupied property status, please reach out to your manager for escalation. Encourage your agents to keep a good eye on properties for possible damage or vandalism ensuring all system notes are kept up to date.
All: If you are contacted by the media, please refer them to:
Media Inquiries Kelly Malone, CitiMortgage Communications 1-636-261-0251 Or, Citi Consumer Public Affairs 1-212-559-1719
For additional information on the goals or insight for the movement, here is a link to their website:
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