Rose Gudiel announces 24 hour vigil to save her home

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

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commented 2011-10-04 09:48:51 -0700 · Flag
Y’all may want to check your facts. Hector Tobar wrote an article in the LA Times where Rosemary admits that she stopped paying her mortgage for TEN MONTHS!

Her story was fishy from the get-go. She’s the sole owner on the deed paying $400K for a house in 2005 (near the height of the frenzy) on a rep’s 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 wouldn’t.

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.
published this page in Blog 2011-09-28 21:38:00 -0700

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