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Indybay Feature

Stop Preventable Foreclosures

by Mike Rhodes (editor [at] fresnoalliance.com)
Faith in Community held a rally today in front of Saint John’s Cathedral to protest the high level of forecloses in Fresno and throughout the country. In 2008 alone, banks foreclosed on 12,571 homes in the Fresno region, a 102.5 percent increase over the previous year.
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Faith In Community held a rally in front of St. John's Cathedral in Fresno today (Friday, March 6, 2009) to welcome the PICO National Network Recovery Express, a bus that will stop at key cities in the United States that are being heavily affected by the foreclosure crisis. As the Express makes each stop, it will hold a rally at each city to gain national media momentum and local support as they head towards Washington DC to meet with hundreds of leaders from the PICO National Network.

Families from all walks of life are losing their homes and at the same time their hopes of the American dream. In 2008 alone, banks foreclosed on 12,571 homes in the Fresno region, a 102.5 percent increase over the previous year. As it stands now, it is estimated that 1 in 15 homes will be lost if immediate action doesn't take place locally.

For more information about the PICO National Network Recovery Express, go to:
http://www.piconetwork.org/recoveryexpress

For more information about PICO, see: http://www.piconetwork.org/
§2:45 minute audio from the rally
by Mike Rhodes
Listen now:
Copy the code below to embed this audio into a web page:
§Juan Arambula
by Mike Rhodes
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Fresno Assembly member Juan Arambula said that “the unemployment rate is over 15%, and we all know it is actually much higher than that.”
§Rollie Smith
by Mike Rhodes
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Rollie Smith, the field office director for HUD in the San Joaquin Valley, encouraged home owners in foreclosure to call for free help at 559 234-1492.
Add Your Comments

Comments (Hide Comments)
by Gary Rumor
I rent, I could have jumped on the bandwagon and got a sucker loan in the over priced LA market but I did the responsible thing and didn't. Now I have been laid off and had to get a roommate to even pay the overpriced rent. That may not be enough. I may have to cut out my phone, trade in my car and get rid of the internet. That will make it even harder to get work, but at least I would have a place to live and I could go to the library and take the laughable mass transit. I am not there yet. but if I don't get a piece of the stimulus or a job soon, that is where I will be. And pissed off.
by Baby Day Rain
What are "preventable forclosures"? I don't understand what that means.
by Jonas Brothers
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