Thursday, May 22, 2008
Update: Congresswoman denies foreclosure report
L.A. Times: California Congresswoman walked away from $578K mortgage
Update: California Congresswoman Laura Richardson today denied a published report that her $535,000 Sacramento home had slipped into foreclosure, saying she has renegotiated her loan to keep the home.
The house "... is not in foreclosure and has NOT been seized by the bank," Richardson, a Democrat from Long Beach, said in a statement. "I have worked with my lender to complete a loan modification and have renegotiated the terms of the agreement -- with no special provisions." (Rep. Richardson's entire statement is at the bottom of this article).
Earlier, Capitol Weekly reported that Richardson walked away from the mortgage on her $535,000 Sacramento home, letting the house slip into foreclosure and disrepair less than two years after she bought it with no money down.
2 Comments
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1. harold said...
Ouch, seems like it's not just the poor and lower-middle class that are being affected.
2. lvmreader said...
There is plenty more to come.