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Churches in the Forefront Standing Beside Foreclosure Victims

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By : Julie Thompson    99 or more times read
The churches are in the forefront standing beside the traumatized foreclosure victims. Two of them thankful of the help are Ignacio and Mario Ornelas of Freedom. They will attend church and observe Easter with their grandchildren in their own home. The Ornelas have a special cause for celebrations on this particular year – their house has been pulled back from the jaws of foreclosure thanks to the help they came to know about from Assumption Catholic Church in Pajaro.

Easter 2010 has come with lingering clouds of recession. But Easter is a time of renewing hope and many churches have come forward with plans either individually or through the services of different agencies to mitigate to some extend the hardships many are suffering.

The Joint Economic Committee of the Congress noted that 5.6% of all the mortgages in California were in the foreclosure zone in the last quarter of 2009.

For the Ornelas’ it had meant stressful days without sleep that finally led to health complications. It was all due to the anxiety surrounding the loss of their home. However the story had a happy ending last February.

Recalling the gloomy days, 68 year old Ignacio Ornelas collects his thought and harks back to the time he deposited as down payment $12,000 in 1992 for his house close to Watsonville Municipal Airport. His sons were beside him. But foreclosure nearly swallowed it up. In 2005 the couple refinanced it because a death in the family had made them cash strapped.

The couple, conversant with Spanish only, put their trust in the agent and inked an ARM loan not understanding that within three years the payment would go up by leaps and bounds. In 2008 August it shot up by 30%.  From its previous amount of $2,300 it shot up to $3,000 per month. At this juncture help came from the church.

The couple came to know of the work being done by the church to prevent foreclosure. Educational workshops had been started and counselors were allotted to the troubled borrowers. The aim was to modify loans. The operations had begun from 2009 by Communities Organized for Relational Power in Action (COPA). It was based in Watsonville. Included in the group are 17 churches and some non-profit groups from the counties of Santa Cruz and Monterey.

COPA also takes an active part in politics being connected with problems relating to housing and human rights. Although the group has a strong following its activities and line of approach have not gone down well with many in the community. The group has been proactive in housing for the poor and this has stirred up a hornet’s nest.
Julie Thompson, GM Sales & Marketing,
Julie Thompson, has been working on studying the foreclosures market, helping buyers on the finer points of Foreclosure Houses. Try to visit and begin your Bank Foreclosures search.

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