Bankruptcy helps people to stay in their homes and is especially helpful to those ignored by lenders trying to modify their loans. A new programme is scheduled to kick off in Berks County from 1st January that would compel the lenders’ representatives to meet directly the borrowers, if the latter so desire it.

The Occupy protestors have taken to direct action across the country in a big way. The homeless are being settled in vacant houses, former house owners are returning to their homes with their belongings while some are promising not to leave until force is used. All are complaining that the banks ignored their repeated pleas for loan modification.

Occupy Foreclosed Homes claimed victory when by demonstrating in front and inside one of the branches of Chase in Redwood City, on behalf of a septuagenarian woman. They managed to postpone the sale of the house for two months. Gloria Takla, would be given a chance to modify her loan – something she had been trying in vain for nearly last two years.

Norwich City is foreclosing on many properties owned by Janny Lam, a noted downtown developer. Lam contends that she has been trying to sell a few of the 26 properties that she owns to come out of the debt. Lam more than $300,000 in taxes.

Vallejo City is in the grip of increasing foreclosures and squatters. Without tracing the owners and their active help the police cannot do much. This has led to formation of neighbourhood watch groups by the hundreds that have the right to sue the owner on community living standard issues.

The Occupy movement in a well orchestrated manner is shifting its focus to the indoors by putting homeless families inside homes, disrupting foreclosure auctions and putting pressure on banks to fix the economy by reducing principal on the loans. It is hoped that action day kicking off on 6th December will give fillip to the movement.

The two month old encampment at Zuccoti Parkin New York City was dismantled by the local authorities citing health and safety concerns. The Occupy protestors then launched into action targeting New York Stock Exchange. There were some fisticuffs with the police, few arrests but the exchange opened timely. Action day was launched across America.

A bill has been introduced by two senators (Republican and Democrat) sending an open invitation to the rich overseas to buy residences in USA. They would have to pay a minimum amount in cash to make the full purchase. Tourist visas would be granted to them and not work visas. It is hoped that this would clear up the stockpile of properties languishing in the market.