Background on #JusticeforMsStennett Emergency Campaign
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 . 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.
For More Contact: Equality for Flatbush at 646-820-6039 / firstname.lastname@example.org
or My Black Money Matters Call (917) 957-7261 /email@example.com
#BoycottEmigrantBank #MyBlackMoneyMatters #BlackHomeownersMatter #OurHomesANotForSale #JusticeforMsStennett #FlatbushForever