In this recession we are now going through, men
and women are losing their homes or they are on
.the brink of doing so by fallingjjehind in their mor
tgage payments all because of present economic
conditions. Unemployment is rising and it may go
higher before it starts tocome down. This is pro
bablyjhe worst threat to blacks who are buying
their homes. , v
Then there is inflation, increasing real estate
taxes and high heating and utility costs. And maybe
a drawerful of other bills, things you've bought on
credit that now must be paid for. And there is
always that chance of an unexpected illness cutting'
into the family finances. ,c ;,v-v
Put all these things together and you have a mor
tgage m peril. You've gotto keep up with these
payments or else. So the big question is: What
happens if you find you can't pay your house note?
How do you try to protect your family against
foreclosure? What should you do?-
There are somejict ions which may be taken to
avoid a foreclosure and the first is to TALK. Talk
to your lender about the whole problem. Don't put
it off. They will try lo work out an arrangement .
with you that makes sense. Find out how your loan
is classified, Is it listed as past due, delinquent, or in
default? A past due loan implies only a few days
late; a delinquent loan means the payment is bet-
Food Giant and SCLC
Reach Agreement For
Jobs, Black Business
ATLANTA, GA.
SCLC's "Operation
Breadbasket," (depart
ment of economic
development) announced
last week a covenant
with Food Giant Inc., to
secure jobs, upgrade op
portunities, and increase
minority business utiliza-;
lion. The plan is the
most comprehensive yet .
for a food chain.
Food Giant has
adopted as an underlying
principle and overall
goal, that it is good
business to have the
labor force, and the use
of minority businesses to
reflect the ethnic
:haracter of the markets
ierved.
.With that in mind,,
JCLC worked with of-'
Icials of the company to
ievelop timetable and
nethods of achieving the'
toals of expanded job
raining, job oppor
unities and advance
nent, as" well as increas
:d utilization of black
)wned businesses.
The company has
igreed to move im
nediately to provide Tor
ncreased employment
ind upgrading in all
hourly job categories in
cluding departmental
managers. This will
mean substantially in
creased job oppor
tunities not only for
skilled and white collar
personnel but' also for
those persons who are
unskilled and need addi
tional training ex
periences. It will provide
opportunity for
upgrading for employees
with considerable ex
perience and skill but
who have been locked in
to certain categories.
In management, the
company has agreed to
move expeditiously in its
training and upgrading
programs. The minimum
goal of 18 (from 2) black
store managers and a
comparable number of
co-managers over the
next four years is an ex
ample of the sense of
urgency with which the
plan is approached.
There arc now four black .
S:1 ..' - . . : - v J - .... . .....
Meeting Black Housing Needs:
1 AI H o-r I V I lift It Vmi -
YYIittl IU 11 1UU . I
Can't Pay The Mortgage
Vm . - , i i
&-ffi35-
ween 15-30 days overdue; and a loan'over 30 days , keep their home. Mortgage payments can be defer
late is considered a default. , ; . . red for a few months, the loan can be rewritten to
re you a "temporary, delinquent or a
!,- !- An'.r .1 If 1 , i .
viiiuim. utuiiHuciu: ii you vc naa proDiems in
the past your lender probably has you in one of
these categories. A different collection method is
used for each type of borrower. Can you resume
full monthly payments in "the near future and bring
your payments current in a year or so? If you are a
member of the armed services do the provisions of
the Soldiers and Sailors Civil Relief Act apply?
When you first receive a work layoff notice it's
time then to see your lender. Most lenders will be
cooperative and understanding if you come to sec
them before falling behind in your payments. Some
will offer what is known as "forebearance" or
moratorium" on your payments. They have other
options short of foreclosing on buyers who want to
reduce monthly payments, borrowers may remain
delinquent for up to one year and partial payments
can be accepted, .-vv" r-'-.-'r';-:':'
ji Some lenders will ask that delinquent borrowers
Cut out the use of credit cards for a while; Most will
- want to know if you have any assets that can be bor
rowed against such as life insurance policies; if your
wife has an income; what your monthly Hying ex
penses are? If your payments have been delinquent
and you're driving around in a $10,000 -car they
take that into consideration. ' - v ' y
Borrowers who have a government-insured loan
and suffer a layoff or illness may qualify for
orebearance: provisions . which defer or reduce ,
payments for as long as a year and a half. To fur
ther protect FHA-insured homebuyers from
SATURDAY, AUGUST 21, 1332-THE CAT.CIWA Tir.:.S-15
'foreclosure, HUD recently announced a "Tern-
- m ' . . . . -
. porary Mortgage Assistance raymems program.
It permits HUD to make all or part of a defaulting
homebuyers monthly payments directly to the
lender for as long as three years. To qualify, a bor
rower would have to agree to eventjially pay back
the aid, and the default would have to be beyond
the homebuyers own control caused by the loss of
a joo or aeatn or iimess in me iamiiy.
When all other efforts fail, and before a
t4 Apt maw rprnm.
mend or help with selling the property. They usually
know the markets and can work - with the
homeowner to help him walk away with some'of the
equity of their home. .
The single most important thing for the lender is
the borrowers "credibility. His track record and in
tegrity by far are at the top of the list of considera
tions to foreclose or not. To this extent a favorable
decision rests with the homeowner. In the final
analysis, if you find that you can't pay the mor
tgage and want to hang onto your home the alter
natives which can be pursued include: special
forebearance, modification or assignment of the
mortgage, or a voluntary conveyance of the proper
ty to a relative, friend or investor with a lease and
option to repurchase when conditions improve.
managers and before the
end of the year there may
be six. (There were only
two at the beginning of
discussions). The plan
calls for at least two
black buyers, (one.
already named) as well as
black accounting super
visors, wholesale super
visors, administrative
personnel and including
at least two district
managers, one of whom
has already been named.
This makes Food Giant
the only major food
chain operating in the'
South with a black
district manager.
The plan calls for the
increased use of black
vendors. Personnel has
been specifically assign
ed to seek -. black
products for re-sale
in company stores.
The company shall do
business with black law
firms, accounting firms,
insurance companies and
brokers, advertising,
companies, printers, ex
t e r m tna t 6 t :,
refrigerator, and air con
ditioning companies, et
cetera.
The company shall do
business with ' black
banks in every market
area. The company has
agreed to do business
with black owned media
(print and electronic) in
every market area.
t-i :n
i lie lumpaiiy win pro-y effor(
viuc icuiiucai assistance
to major non-profit co
ops, and shall offer first
chance purchase oppor
tunities to black en-,
trepreneurs for stores it
decides to sell, and will
participate in financing
such sales.
The company has
agreed to place at least
one of its "warehouse"
stores in a convenient
location in the black
community.
Quarterly reports will
be made on progress to
SCLC and the Atlanta
Business League.
NOTF.: "Operation
Breadbasket," the
economic development
' f' I ' ''"''0. ' ' "' ' 7 'Jfi 1 (j
;.' v v ij wv' ?w ;fC' hiJPn&'.A f J ( L . y' ,M "
SCLC, Food Giant, Inc. Develop Black Economic Pact
Jacque IiClerq and the Rev. Joseph K. lowery announce a pro t; rum to ex
pand the food chain involvement with Mack business, and employ and
upgrade blacks in management positions. Sealed next to Lowery's left is Sieve
Allerman, Vice President of Operations, who will direii program implemen
tation. Lowcry said the program will serve as Ihe model for food chains in
America.
department of SCLC
was initiated in 1962 in
Atlanta to secure jobs
and upgrading for
blacks. Initial covenants
were . developed with
mainstream of com
merce and economic ac
tivity , demand a new
challenge to the private
sector; to engage in a
systematic program of
ScripJQ usnd ... (ca.C0.laj-.S5li$!?WcA , re-inves ment
here in Atlanta. This an- ine macK community.
nouncement last week
signals the continuing
emphasis on partnership
with the private sector in
economic development .
The retreat of the
federal government on
matters related to affir
mative action and
minority business utiliza
tion demand a renewed
to involve the!
private sector.
Most jobs are in the
private sector and the en
try of the black com
munity into ' the
Heavy Storm
The low visibility dur
ing the tempest brought
Durham's city traffic to
a crawl.
The storm caused the
near collapse of the roof
of a tobacco warehouse
in downtown Durham.
While the storm was
raging in Durham pro
per, it gave the official
weather station at the
Ralciuh-Durham Airport
We have every right to
expect the private sector
to respond affirmatively
to our patronage and
support. We invest in the
private sector with our
consumer market. We
are in a sense producers
of a major market: tc
consumer. We,
therefore, are entitled to
equitable re-investment.
We demand that
return in both employ
ment opportunities and
in a new level of partner
Continued from Page 9)
(10 miles southeast of
Durham) only a glancing
blow as only :02 inches
of rain fell there.
Following the storm,
clouds dumped light in
termittent showers on
Durham for a couple of
hours. Residents awaited
clearing skies to begin
their clean-ups' following
this late summer flare up
by mother nature. ,
ship with black business
enterprise. While we in
no way shall excuse or
release the government
,from its responsibility to
promote full '. employ-.
, ment and guarantee
Vqiiity in economic op
portunities... we do
recognize the importance
of the private sector in
our economic liberation.
We shall, therefore,
seek to develop
covenants with major
businesses in the South,
as well as other, regions
of the nation.
It is our hope that we
shall enjoy the coopera
tion of the businesses we
approach as Food
Giant.
We want to develop a
spirit of part nership for
equitable re-investment
enriches both the
businesses and the com
munity. While we seek to
achieve our goals
through negotiation, we
will not hesitate to
engage in "non
: cooperation with . evil"
campaigns ; . where
necessary..
00
GOOpDi
1 Way to Happiness VVy
Let's face it!- When you're honest, lovable and
devoted, you receive a mild emotional "kick in the
teeth.!' Your spouse thinks you are weak and lakes
you for granted, and stops treating you with kind
ness. Your, friends become less careful and con
siderate of your feelings. Your boss expects you lo
do more than the other employees. And. you
generally are made to feel unhappy.
On ihe other hand, when you play hard lo get. act
mean and intimidating and push people around, the
results are often surprisingly different. Your spouse
becomes jealous and affectionate. Your friends
regard you as strong and assertive. Your boss gives
you a -'promotion for having ''.strong leadership
qualities. In general, you get the respect that you
want.
The nice person usually gets abused. The
manipulative person gets respected. This seems to
contradict what you have been told all of your life
by your parents, ministers and teachers. You were
told to be honest, fair and kind. You. were told to
do unto others as you would have them do unto
you. This was supposed to lead to friendship and
happiness because people wore supposed to respond
to you with kindness whenever you were kind to
them. But. it has led to people labeling you as weak
and. has. as the result, lead to your unhappmcss.
Most people are reluctant to admit this apparent
unfortunate truth because it seems so wrong. It
'seems so unfair, It seems so much against what we
want to believe. But, no matter how unfair it may
appear; no matter how much we want the nice
guv" world to exist, the blatant reality is simply
thai nice guys, in fact, do not often win! In fact,
nice people usually end up as losers.
The winners in this society are the manipulators
of behavior the con men. We we not referring to
evil people, bank robbers or sadists, We are not
referring to people who. have any negative intent in
mind. The reference is to people who modify their
behavior in order to provoke a favorable response
from others. There is. normally no desire to hurt .
anyone. -
Are you startled by this revelation? Probably not .
You realize that in order to get a pay raise from the
boss, you must smile, be kind and courteous, and
make him think that you regard him as a nice guy
(even though you may resent him). If you want your
teacher to give you a good grade, you must act as if
you have studied hard and fully understand the
material (although you may not have studied at all).
If you want to be pursued by the"oppositc sex. you
must hide all of your negative qualities and act as if
you are kind, dcsircable, intelligent, confident and
give the impression thai you arc pursued by many
other members of the opposite sex (even if this is
untrue). '
The point is that you are already well-schooled in
the art 6f psychological manipulation. But, you
have a less provocative name for it. Perhaps we call
it psychological pragmatism, a little white lie, gentle .
persuasion or common sense. But. no matter what
you call it, it is manipulation and playing the con
game to get what your want.
My next column will explore this issue lurther.
'mtmmmmmmmmmmm . 'J
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