The Turkey Of The Year In California

[Crewleader]

November 26, 2008



The Press Telegram reports from California. “Delfa Robles, 68, a Long Beach resident and a member of the Association of Community Organizations for Reform Now, is facing foreclosure of the home where she and her family have lived for 13 years. ‘She tried to start a restaurant business a couple of years back, and due to financial difficulties, she lost the business and got behind on her house payments,’ she said through ACORN organizer David Mazariegos. ‘The only choice she has is to sell the house or file for bankruptcy, which she doesn’t want to do.’”

“The Robleses were given a variable mortgage rate from their lender, Wachovia, which has given the Robles family time to catch up on their payments.”

“‘They gave her a year to pay, but she has to pay the back mortgage and the monthly payments as they come, and they have raised her mortgage by $800,’ Mazariegos said. ‘She has a whole year to figure it out, and we will put a little bit of pressure on Wachovia to help her out. We made them ‘Turkey of the Year,’ for not working with the people.’”

http://thehousingbubbleblog.com/?p=5106