ObamAcorn home breakins update – what the liberal biased MSM wouldn’t tell you

ACORN garnered nationwide media attention for breaking and entering into a foreclosed home in Baltimore at 315 South Ellwood Ave. ACORN vows to use “any means necessary” to stop foreclosures. Baltimore police have taken fingerprints at the break-in site and the current owner, William Lane, says he will sue ACORN. The home was sold in June 2008 for $192,000. This morning, ACORN official Louis Beverly will face a burglary charge. Look for the Left to turn him into a martyr.

It is not your home, ACORN.

Here is what the MSM won’t be telling you about the so-called “victim” in that case, ACORN worker Donna Hanks — all based on public records and court documents.

According to real property data search information, Hanks bought the two-story home in the summer of 2001 for $87,000. At some point in the next five years, she re-financed the original home loan for $270,000.

Question: Where did all that money go?

The house initially went into foreclosure proceedings in the spring of 2006. In July 2006, Hanks filed for bankruptcy and agreed to a Chapter 13 plan which was served to the following creditors: Americas Servicing Co, Bank Of America, Chase, Covahey, Boozer, Devan & Dore, and Discover. She agreed to repay $10,500 in arrears, which resulted in a halt to the 2006 foreclosure.

In September 2006, the bankruptcy court ordered Hanks’ employer to deduct $340/month from her salary as a bartender to pay down the debt (total net monthly take home pay of $1,228):

Hanks’ Schedule I showed additional monthly income of $1,625 for a second and third claimed jobs, plus pro-rated tax refund income.

Hanks did not comply with the plan. In December 2007, the servicer issued a notice of default on nearly $7,000 past due.

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February 23, 2009 · Filed Under Acorn

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