Dozens of homeowners get advice on avoiding foreclosure at Watsonville seminar From: mercurynews.com
Tagged: California, foreclosure, WatsonvillePosted on: April 29th, 2008
Throughout California, the nationwide mortgage crisis — driven by adjustable-rate mortgages, subprime loans and an already plummeting economy — hit Latino families especially hard due to language barriers, unfamiliarity with the mortgage process, unforeseeable income changes and subprime lenders who didn’t verify income.
Being a Latina, Maria Enomoto, a Consumer Credit Counseling Services counselor who led the Spanish-speaking workshop, said she understands that in Latino culture, “It means a lot to own our own home. If you have your own property, you are successful.”"*
Curation from Tomás
Filed Under: Real Estate
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