On September 10th, Common Ground leaders along with city officials packed the hearing room at Milwaukee City Hall to listen to what the banks and servicers had to say regarding the upkeep of the homes they are responsible for in Milwaukee neighborhoods.
July Meeting with Banks and Servicers
In July banks and servicers (companies hired by banks to “service” their work with mortgage customers) met with Common Ground and representatives of the City of Milwaukee. That meeting was the culmination of long, steady pressure by Common Ground on Deutsche Bank, US Bank and Wells Fargo Bank to take responsibility for vacant foreclosed properties throughout the City of Milwaukee. In that meeting, the servicers agreed in principle to several demands and to a meeting in September to review their results.
September Follow-up with Banks and Servicers
The agreed-upon follow-up meeting took place on September 10 at Milwaukee City Hall. Prior to the meeting Common Ground Faces of Foreclosure Issue Team members had worked with city representatives to create clear steps each bank or servicer must make to take care of these properties. Banks and servicers must:
• Register all of their vacant foreclosed homes with the city
• Provide a responsible contact person in Southeastern Wisconsin
• Present a plan to maintain the vacant properties
• Explain their current state of services
The banks and servicers responses were mixed. Some of the banks were prepared and provided clear results and plans. Others seemed not to have taken the demands seriously, providing flimsy excuses for not taking action and not bringing the requested information. Common Ground leaders and the City of Milwaukee presented up-to-date poster size photos of properties, demonstrating where banks and servicers are not living up to their commitments. In their signature brown Common Ground t-shirts, twenty-five participants created an obvious demonstration of citizen interest.
Common Ground and the City of Milwaukee will continue to work with the banks and servicers until all are responding to requirements.
Read this recent article in the Milwaukee Journal Sentinel article about the meeting. The article states that there was an “overflow committee room.” Common Ground filled the majority of the seats in the room that day.