March 7, 2011 (San Diego) – Foreclosure rates in San Diego County are five times higher than normal, the real estate data firm Foreclosure Radar reports, according to a March 3rd article in the North County Times.
Today, California Senator Barbara Boxer has announced a new “Resources for Struggling Homeowners” web page on the constituent services section of her Senate website at http://boxer.senate.gov/en/services/homes.cfm. The Homeowners page contains useful information and links to federal programs that assist people threatened with the loss of their home. It also includes links to the California Housing Finance Agency’s new “Keep Your Home California” program.
Made possible by a $2 billion federal investment, this program helps low- and moderate-income families stay in their homes by providing temporary financial assistance for mortgage payments and preventing avoidable foreclosures.
“In addition, my Homeowners page can help homeowners who want to report mortgage fraud or file a complaint with the regulator that oversees their lender if they believe the bank has not responded to their requests for mortgage assistance,” Senator Boxer said.
In Ramona, citizens have staged protests the past two Fridays at banks to call for a moratorium on foreclosures. The protests have been organized by the Ramona Forum, whose founder, Dave Patterson, says he finds the increased level of foreclosures by local banks alarming.
For additional information about housing resources, visit Senator Boxer's Housing web page at http://boxer.senate.gov/en/services/assistance/housing.cfm.