Fannie Mae Evicts Family in Foreclosure, Then Installs Armed Guards
On January 16, 2013, just after 5 AM, 12 sheriff’s deputies and 10 Portland police officers forcefully evicted the original Portland foreclosure fighters – Debbie and Ron Austin – from their NE Portland home. The eviction was at the demand of the government sponsored and funded mortgage finance vehicle, Fannie Mae.
The family was evicted, but their home is not empty. A force of armed private security guards from McRoberts Security was immediately installed in Debbie Austin’s home. The guards have been on 24-hour duty in the home ever since.
Typical cost for private security indicates that Fannie Mae is spending $480-$600 a day, or $15,000 a month on 24-hour armed guards. Since the Austins’ January eviction, Fannie Mae has spent nearly $50,000 of essentially public money to keep one home empty.
“It was horrifying. I was standing on the sidewalk at 6 AM in my pajamas watching the sheriff change the locks and seeing armed security forces enter my home,” said Debbie Austin. “Fannie Mae is a publicly owned company and this is how they treat me and my family? My husband is a veteran; my daughter is in college, and we have lived here for 27 years. No one deserves to be treated like this!”
The Austins came out as the first family in Oregon publicly fighting their eviction in December 2011. In the years before, both Debbie and her husband Ron were diagnosed with cancer and slipped into foreclosure. During foreclosure, the family tried to get refinancing or modification and was financially able to make payments, but the bank continued with the foreclosure proceedings. The Austins tried to fight for their home in court, but, like many contesting foreclosure, they could not afford a lawyer and were unable to compete with the Fannie Mae’s local legal team.