.

'Occupy Our Homes': Royal Oaks House Battle Continues

A family is doing all it can to keep a home in North Monterey County.

One family struggling to save its home from foreclosure has gone public with the its fight in hopes public support will convince the bank to renegotiate the terms of the mortage, according to local media reports.

Brandie and Edwin Hannon are asking for a loan modificiation after the economic downturn coupled with Edwin's medical issues left the family unable to make their payments.

She described their plight on Occupy Our Homes, a website dedicated to helping people start campaigns. Thursday night, the Hannons had 209 of 300 supporters needed to get prominent space on the website.

The couple told Central Coast News they've lived in the house for 14 years and that the bank, Wells Fargo, has refused to help them avoid foreclosure through loan modification. The bank refuted that claim in a statement saying "no options were available to maintain home ownership," the TV news station reported.

The family is defying a court ordered eviction issued last month, according to the Santa Cruz Sentinel.

Jennifer Squires September 08, 2012 at 03:31 AM
Readers on Facebook are leaning toward the family's side and hoping the bank will help: - Jessica Hernandez says "The bank should defenitly help them keep their home." - Marsha Marani says "The Wells Fargo Wagon is rolling over a LOT of people, leaving them broken and bloodied in the street. Wells is still owned by investors, who will hold on till the market turns, then they will make mega bucks on the empty houses they have gathered up through this process." In contrast, Mike Donegan said "I am sorry to hear about this story. It is a sad day when a lottery winner cant file for bankruptcy. Sounds like a lot of bad choices and a "the Housing Bubble will never burst" mind-set."
Lucas September 08, 2012 at 03:52 AM
Some people simply can't afford home ownership (especially in North Monterey County). Others play games with their mortgage and act surprised when their ARM resets. If home ownership is so important to the Hannon's, perhaps they should move to Las Vegas or somewhere else where they can afford a home. You can't blame the bank for expecting people to pay back the money they borrowed.
Lucas September 08, 2012 at 04:09 AM
David H. Perez wrote: <snip> Funny, we all thought the government stimulus money was supposed to be used for people who were struggling and needed the help. <snip> Not all of us believed that David. So, are you going to vote for him again?
Rebecca Tait September 08, 2012 at 05:45 PM
I fought CitiMortgagecf for 2 years 4 months. Got lawyers last 12 months. They would not reduce the principal, but gave me new loan at 2%. Yes 2%. Citi sold my loan next day but still 2%. The banks are horrid to work with
Cathy P. September 09, 2012 at 06:07 PM
Romney/Ryan say that corporations are people too, guess this just shows how heartless some of those corporation people are. I hope the Hannon's win this one.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »