OCCUPY PROTESTERS HELP ROWLAND HEIGHTS FAMILY SAVE HOME Members of Occupy LA got a last-minute notice from a family in need and Respond
FOR IMMEDIATE RELEASE
WHO: The Acosta Family and Occupy Activists
WHAT: Protect family from wrongful eviction
WHEN: Tuesday, February 21, 2012 at 5pm
WHERE: 18162 Gallineta St. Rowland Heights, CA 91748
WHY: 99% of foreclosures have questionable activity, 84% have a clear violation of the law, and over 2/3rd have four or more violations
OCCUPY PROTESTERS HELP ROWLAND HEIGHTS FAMILY SAVE HOME
Members of Occupy LA got a last-minute notice from a family in need and Respond
LOS ANGELES – A Rowland Heights family reaches out to members of the Occupy Movement to help save them from Sheriff Eviction after paying several people for legal services and support and getting nothing for it.
Eduardo Acosta, a grandfather housing his family, contacted Ben Fisher of Occupy Long Beach on Monday Night. The Sheriff’s Department had posted an eviction notice on the property for Tuesday. Fisher contacted Matt Ward, a Member of Occupy LA.
Ward took action to get member of Occupy Fights Foreclosure (OFF) team ready to help in any way they can.
Acosta originally fell behind in payments while his wife fell ill and Acosta his usual overtime pay with the downturn in the economy. The reduction in pay coupled with the medical bills and an adjustable-rate mortgage made it difficult for the Acosta’s to keep up with the monthly payments which went from $1,600 to $2,000.
Acosta applied for a loan modification due to the change in income, medical bills, and the high interest rates.
While the banks were reviewing the Acostas’ loan modification, they were also proceeding with the foreclosure process. The banks denied a loan modification and the banks foreclosed upon the Acostas.
“It’s been stressful since we got the letter,” said Eduardo Acosta. “We couldn’t sleep. We were up late hours thinking, what are we going to do with our family?”
Acosta lives with his wife, two adult children, a son-in-law, and two grandchildren.
Last week the San Francisco County Recorder released an audit report that had 99% of the foreclosures with questionable activity, 84% with clear violations of the law, and over 2/3 with four or more violations of the law.
“Where there is smoke, one naturally expects to find fire but what this report uncovers is another inferno,” states Phil Ting, San Francisco County Recorder, at a press conference announcing the results of the audit, “Many of these actions, if not all of these actions, render many of these foreclosures invalid.”
Advocates are asking for a moratorium on foreclosures and evictions until a full investigation can be completed.
“We are here for the purpose of stopping the eviction of this family,” said Carlos Marroquin, a homeowner advocate and Occupy LA activist. “We believe the foreclosure has been done in a wrongful way.”
Marroquin has helped create Occupy Fights Foreclosure and was 1 of 7 Occupy Activists that sat down with 6 Wells Fargo Executives on Monday, February 6th to discuss the foreclosure crisis.
Acosta has paid two separate individuals to help him through this process. Both took the money he scraped up but were not able to help him in any tangible way.
“I’m sure there are a lot of people going through this,” Acosta said. “Let’s step up and help each other out.”
* This event and press release have not been approved by any Occupy group’s General Assembly.