By Paul Young
A Riverside family remained in a foreclosed home from which they were evicted — with supporters camped outside — amid reports sheriff’s deputies were expected to arrive today to remove them.
Arturo de los Santos, his wife, Magdalena, their two boys and two girls have been together in the single-story residence at 3270 Layton Court since Christmas. De los Santos had moved back into the home alone on Dec. 6.
The 46-year-old was one of 30 people who took part in the December “National Occupy Homes Day,” a spinoff of the Occupy Wall Street movement intended to spotlight alleged abuses in the mortgage industry.
Former property owners whose houses were repossessed went back to the places to reside, effectively trespassing.
According to de los Santos, a Riverside County Superior Court judge Thursday granted a writ of possession to Freddie Mac, the mortgage giant that holds the note to the foreclosed home. The writ clears the way for deputies to eject de los Santos and his family from the property.
“People are hoping the sheriff won’t actually enforce the order,” Peter Kuhns, with the Alliance of Californians for Community Empowerment, one of the groups supporting de los Santos, told City News Service. “If the deputies show up, everyone is planning on being peaceful. They’re just there to support Arturo.”
He said around 20 demonstrators are staying inside and outside the three-bedroom property.
De los Santos told CNS last week that he was prepared to get arrested to spotlight how “the bank is messing up.”
The former U.S. Marine sent a letter to Sheriff Stan Sniff explaining his circumstances and asking the county’s top law enforcement officer not to carry out an eviction.
“We have no choice but to re-evict since no payment has been received on his mortgage for nearly two and a half years,” Freddie Mac spokesman Brad German said in an email. “The house went into foreclosure in November 2010 and was lawfully vacated and secured in July 2011. The only way to recover the losses taxpayers have taken on the unpaid mortgage is to re-secure and sell the house to a new buyer.”
The de los Santos family lived in the house for eight years before they were evicted in July.
De los Santos said he’s continuing to attempt contact with representatives from Chase bank, from which he obtained his original mortgage for the house, and Freddie Mac in the hopes of working out a compromise that would allow him to reacquire the house.
De los Santos purchased the Layton Court house, which sits on the edge of a cul de sac in Riverside’s La Sierra neighborhood, in 2003 but said he fell behind on his loan payments in 2009 after business plummeted at the Santa Ana factory where he’s employed as a supervisor.
He had received an interest-only mortgage on the property originally and applied for a loan modification to pare down his monthly costs, but he alleges that representatives of Chase refused to accept the proposed terms and instead initiated foreclosure proceedings.
The Occupy Homes campaign is backed by a number of groups, including ACCE, ReFund California, The New Bottom Line, Take Back the Land, SOUL and the Service Employees International Union.
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So the guy took out an interest-only mortgage and couldn’t even service THOSE payments? What did he think he was going to do when the P&I payments started? What a crock of shit. Another example of the idiots in this country who think they are owed EVERYTHING.
what are you rich! you fricken idiot! i hope someday when you need some help from someone they tell you too #uck off! alot of people are having hard times right now! give me a fricken break! everyone needs a little helping hand once in a while!
I agree with Remmy700P. If this borrower had any sense, he would have done a short sale the second the economy went south. But he wasn’t too bright to sign an interest-only mortgage to begin with. Anyway, California courts have consistently ruled (in the Sierra-Fed and Wagner cases, etc.) that a bank has no duty of care in making a loan to a borrower. It’s the borrower’s problem to read their paperwork and to hire their own lawyer to explain it to them if they don’t understand it. If they can’t afford a lawyer on their side (regular Realtors don’t know jack about real estate law) and they’re financing with anything more exotic than a standard 30-year fixed-rate loan, they probably shouldn’t be buying a house.
[...] About 20 California activists surrounded a local home this weekend to prevent Freddie Mac and Chase Bank from foreclosing on the property, even amid [...]
[...] About 20 California activists surrounded a local home this weekend to prevent Freddie Mac and Chase Bank from foreclosing on the property, even amid [...]
[...] About 20 California activists surrounded a local home this weekend to prevent Freddie Mac and Chase Bank from foreclosing on the property, even amid [...]
[...] Mac spokesman Brad German told CNS in an email, âWe have no choice but to re-evict since no payment has been received on his [...]
[...] Mac spokesman Brad German told CNS in an email, “We have no choice but to re-evict since no payment has been received on his [...]
[...] Mac spokesman Brad German told CNS in an email, “We have no choice but to re-evict since no payment has been received on his [...]
[...] Mac orator Brad German told CNS in an email, “We have no choice yet to re-evict given no remuneration has been perceived on his [...]
[...] portavoz de Freddie Mac, Brad German explicó a CNS en un correo electrónico que “no nos queda otra alternativa que un nuevo desalojo, porque no [...]
Most of these people applied for mortgage modification, and did exactly what they were told to do, such as not pay for 3 months, and other great sounding things to suck them into taking the loans. Then the loans are distributed and held by several parties so that it is next to impossible to locate who will be responsible for your loan, after, for example, not paying for 3 months as was specified by the financial institution… and then being evicted for not making payment. It gets worse and worse the more you look at the facts behind the scenes and the corruption at all levels of financiers and the government. So you ignorant people who think they had a clue that they were being duped into something that was a lie, need to investigate before critizing because these stolen homes which are being auctioned off for next to nothing will be either rentals or are left vacant to run down the neighborhoods they are in, and YOUR home will lose property value. This is just part of a much larger scheme to take another huge hit at the middle class, one more step toward a totalitarian and fascist America. Everyone should stand with the victims of these scams, and scams they are. Do you really think anyone would buy a home KNOWING they couldn’t make the payments? OF COURSE NOT!!!
[...] Mac spokesman Brad German told CNS in an email, “We have no choice but to re-evict since no payment has been received on his [...]
[...] About 20 California activists surrounded a local home this weekend to prevent Freddie Mac and Chase Bank from foreclosing on the property, even amid [...]
I lost my mom in my home, I workfor riverside community hospital. I lost my job, got hurt and I have been strugling since I called Ocwen more than 200 times to help me they said they refused. I took a second which I made payments on time for a year like they promised and they forclosed on me purchased my home for 5,ooo dollars. Changed my address and filed bankrupt. Up north in my name. Us bank Ocwen didn’t know I kept telling the but , they were just from india they didn’t understand or care I continued to tell them to help they said yes one week then they forclosed. And locked me out. I have been back in my home they took me out twice and now I’m waiting again they gave me 15 daays to move out.. I’m going to refuse I joined a lawsuit its been filed lifeSavers. Vs bank of america but they still need to serve the banks we need more money. I need help they might try to take my stuff out. I rented out rooms and they are there also. Can you help?