Legal Fees Fighting Predatory Lender Emigrant Bank

My name is Victoria Stennett and I've been fighting to stop Emigrant Bank from taking my home since 2008 .

Owned by Howard Milstein, Emigrant Bank was found guilty targeting Black and Latinx homeowners with predatory loans.

Emigrant Bank wants me to pay 4 MILLION dollars this month!

We are currently in court and will be for quite some time.

Please help me pay for my retainer and legal fees, so I can keep my home.

Thank you so much for help

 

Here is more about my campaign:

STOP EMIGRANT BANK CAMPAIGN TO STOP THE FORECLOSURE OF VICTORIA STENNETT"S HOME ENDORSEMENTS

Endorsers as of 2/28/2022

https://bit.ly/StennettEndorsers

For Identification Purposes Only*

To Sign the Petition: https://bit.ly/StopEmigrantBank

To Endorse the Campaign: https://bit.ly/STOPEmigrantBankEndorsers

Emigrant Bank Fact Sheet: https://bit.ly/EBankFactSheet

To Learn about Ms. Stennett’s Battle with Emigrant Bank: http://www.equalityforflatbush.org

#StopHowardMilstein

#BoycottEmigrantBank #MyBlackMoneyMatters #BlackHomeownersMatter #OurHomesANotForSale #JusticeforMsStennett #FlatbushForever

 

 

Background:

Since 2008, Victoria Stennett, Flatbush real estate broker and community leader, has been in a legal battle with Emigrant Bank to stop the foreclosure and sale of her property at 109 Amersfort Place. Due to accessibility of the house, 109 Amersfort Place has always been Ms. Stennett’s “dream home” that would allow her and aging mother to live out their retirements in comfort and peace.

 

Unfortunately, after a devastating fire, Emigrant Bank illegally pocketed $193K of insurance money owed to Ms. Stennett. Emigrant Bank also demanded that Ms.Stennett give them two other properties worth over a million dollars which exceed the mortgage amount of 109 Amersfort Place . Due to the years of stress fighting Emigrant Bank, Ms. Stennett was forced to have emergency heart surgery in 2015. In 2016, a federal jury found Emigrant Bank guilty of predatory and discriminatory lending practices towards homeowners of color. Ms. Stennett and her supporters have called for a national boycott of Emigrant Bank and held several rallies in front of their office in Midtown Manhattan.

 

 

Victoria Stennett has been a community leader in the Flatbush’s Caribbean community for over 25 years. Committed to social justice , Ms. Stennett is one of the few real estate brokers in Flatbush who advocates and secures apartments for tenants with Section 8 and NYC housing vouchers. She also hosts multiple annual events that feed, provide toys, coats and clothing, as well as medical and emotional health and wellness services to Flatbush residents.

 

Ms. Stennett must come up with 4 MILLION dollars by March 1st 2022, or Emigrant Bank will begin the process of auctioning off her property. Not only that, Emigrant Bank may also come after Ms. Stennett for the balance of the 4 million dollars EVEN AFTER THEY take her two properties in the foreclosure and sale.

This is yet another example of decades of predatory targeting of Black and Brown women homeowners by both the banking and real estate industries in the US. Ms. Stennett’s struggle also demonstrates how gentrification destroys the Black wealth and culture in Brooklyn.

 

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