East Bay residents call on banks to meet with homeowners to halt foreclosures

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From: "PICO National Network" <news at piconetwork.org>


Wednesday, May 7, 2008

East Bay residents call on banks to meet with homeowners to halt
foreclosures

While a great deal of attention has gone to homeowners with
subprime mortgages who are in danger of foreclosure, the lack of
response from banks to work with homeowners who wish to modify
their loans has not received similiar attention.

For months, leaders fom Holy Rosary Church - a member of PICO
affiliate Contra Costa Interfaith Supporting Community
Organization (CCISCO) in Antioch, CA - have been trying to
arrange meetings with various banks to discuss their home loan
terms. Despite numerous attempts, many hard-working and employed
homeowners in Antioch have yet to receive a face-to-face meeting
with their banks.

In response, CCISCO leaders organized a rally last week to bring
attention to this lack of response from banks as community
residents face foreclosure on their homes.

Read more about how church leaders are pressuring banks to come
to the table at http://ga3.org/ct/Gp_svVd1ZSXv/

Watch TV coverage of the demonstration at
http://ga3.org/ct/Gd_svVd1ZSXr/
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