| "...Like millions of Americans, Thompson got caught up in the subprime fiasco, taking a loan that started in 2003 with a low interest rate before adjusting two years later to a rate far above what she could afford. Now, the bank owns the home, and eviction papers are on their way. Yet rather than move, Thompson is gearing up for battle. She has enlisted the help of a team of people calling themselves "home defenders." More than 1,000 defenders have signed up online. They are fellow homeowners, concerned citizens and activists who are trained in civil disobedience. They are ready to confront anyone who shows up to evict Thompson, even if it means being arrested. "Go to jail? Hell, yes," said Thompson, a nurse's aide who works two jobs. "I put my whole life in this house, and I don't think I should walk away from it. It's not my fault." She says the terms of her subprime loan were not fully explained. She did not realize, she says, that her interest rate would go up. " |
Don't sign a damn contract if you don't understand what you are signing. But she feels she has some moral right to her home. Yoiu screwed up, not the lender.
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