ACCE member Patrick Smith grills chicken at the Save the American Dream vigil at the Gudiels' home
Homeowner Rose Gudiel asks LA County Sheriff Lee Baca not to enforce the eviction order against her home after an unjust foreclosure by OneWest Bank and Fannie Mae.
Rose Gudiel, mother Rosa and brother Jose announce the beginning of a 24-hour vigil to save their home
Her story was fishy from the get-go. Sheâs the sole owner on the deed paying $400K for a house in 2005 (near the height of the frenzy) on a repâs salary at EDD (somewhere around $60k). She was in way over her head on this purchase.
Then, we are supposed to believe that a bank foreclosed on her house, now worth only $260K, when she was only two weeks late on a single payment? Why in the world would a bank want to foreclose on a home that far underwater if the homeowner was still agreeing to pay? They wouldnât.
This is no story about fascism, conspiracies, or corporate greed.
This is a story about a woman caught up in the exuberance of a soaring housing market in 2005, who made some bad choices, and is now reaping what she sowed.