A week after Attorney General Kamala Harris announced an $18 billion settlement for California’s foreclosure victims, homeowners and housing rights advocates declared the need to temporarily halt all foreclosure related activity.
During a foreclosure roundtable discussion held on Friday at the Mission Economic Development Agency, Alan Fisher, Executive Director of the California Reinvestment Coalition, said that advocate “groups are asking for a pause in foreclosures so people don’t lose their homes [while the settlement is being implemented.]”
John Eller, a senior organizer with Alliance of Californians for Community Empowerment (ACCE), said that by putting a temporary stop to the foreclosures “it would enable borrowers to have some breathing room while they figure out if they qualify for the settlement.”
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