December 27, 2013
At its last meeting of 2013, by a vote of 4-2, the Richmond City Council moved further along on its plans to stabilize our neighborhoods by restructuring the mortgages of underwater homeowners. Under the plan, mortgages would be reduced to a reasonable level that reflects their current value, which will give underwater homeowners some equity in the home and mortgage payments they can pay.
June 20, 2012
Thanks to all who called Wells Fargo or went to City Hall on behalf of Archbishop and Marina King. Wells Fargo removed the home from the auction list on the morning of June 21, several hours before the public auction. Wells Fargo is currently reviewing the Kings’ case for modification a second time. Until a real agreement can be reached, the Kings and their supporters are planning to block the auction July 20 at City Hall. Call Grace Martinez at ACCE for more information at (415) 377-6872.