obama foreclosures

Foreclosure Tragedy Can’t Compete with Ryan Lochte

Foreclosures are no longer fodder for major news headlines. The media intensity diminished as Americans became dulled to the stories of millions of families being kicked out of their homes by big banks and Wall Street-backed hedge funds. Instead, the media whips up a frenzy over Ryan Lochte and his pals vandalizing a bathroom in Rio de Janeiro. Yet, out of the media spotlight, our fellow Americans continue to be foreclosed out of their homes.

Kathleen Gross and her family will lose their Paradise Valley, Arizona home of twenty-five years to foreclosure next Tuesday, August 23. This will mark the end of a relentless years-long battle with a series of mortgage companies. “All of our memories are here. We raised our children in this home,” she wept. “We have been in this neighborhood for over two decades and don’t want to leave.”

The family’s trials began after the financial collapse of 2008. Kathleen and her husband owned a small business developing medical technology to improve patient education. “We were trying to make a positive contribution to the world in our business,” she explained. “It was a family owned and run business.” But, as the economy tanked, the family business foundered. “We were unable to get any expansion capital and were consequently unable to make a living.”

The decline of their livelihood led Kathleen and her husband into financial turmoil. As they fell behind on mortgage payments, the lengthy battle with lenders began. “We started getting notices about our delinquency,” said Kathleen. “We wrote back describing our circumstances and that we are trying to work through a financial difficulty. But they started saying, ‘we are coming to take your house, and we are going to foreclose.’”

Rest here…

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4closureFraud.org