Valley protesters rally to help homeowners - CBS 5 - KPHO

Valley protesters rally to help homeowners

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PHOENIX (CBS5) -

Another new effort is under way to help struggling homeowners, but this one is a little different.

It involves unhappy homeowners nationwide, taking to the streets in protest and demanding change from the country's largest financial institutions.

It's part of a growing movement across the country to help the 16 million homeowners still underwater on their mortgages.

A rally was held Thursday at the Phoenix home of Lilly Washington, the mother of a U.S. soldier who was foreclosed upon by Bank of America while she was visiting her wounded son in Germany.

Washington is now suing Bank of America to keep her home.

Washington was joined by homeowners across the Valley, who have joined up with a new national alliance, the Home Defenders League, which is working to harness the power of everyday people in order to force politicians and banks to end foreclosures and reset mortgages to their fair market value so that the housing market can stabilize for everyone.

Patricia Garcia Duarte is director of Neighborhood Housing Services of Phoenix, a group devoted to helping struggling homeowners.

Duarte was encouraged to see so many people taking a stand to help homeowners in need.

"We're all consumers. We are the little guy," said Duarte. "We are the little guy. Nobody is really defending our rights, so these efforts are important because we are a voice that needs to be heard."

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