Homeowners Facing Foreclosure Ask: “Where Is Our Bailout?”
Real Estate News from the We Buy Houses Team
SOUTH SAN FRANCISCO- Jesus Navarro of South San Francisco is facing foreclosure, and he says the best thing for him may be to walk away from his home. He says he bought his house for $750,000 but it is now only worth about $500,000 and even at that, there are no buyers.
Standing with other homeowners facing foreclosure on the steps of South San Francisco’s City Hall on Tuesday evening, Navarro said he hopes city leaders “can help people in this situation, but I don’t know if they can.”
Navarro took part in a rally organised by the community group “ACORN.” The group is asking local governments to help facilitate programs for people facing foreclosure. ACORN is holding a foreclosure prevention fair this Saturday. On hand will be HUD certified counselors who can help people save their homes. David Sharpless of ACORN says homeowners should not feel hopeless. “We are able to help about 40% of the people who come into doors.” That, he says, is help that allows them to stay in their homes.
The ACORN Foreclosure Fair will be held from 9am to 4pm at 208 Miller Avenue in South San Francisco