At 12:30 this afternoon, Assessor-Recorder Phil Ting along with Supervisors Avalos, Cohen and Mirkarimi will gather at City Hall to address the “Wall Street Wrecking Ball” report for San Francisco, “uniting behind solutions to help homeowners facing foreclosure and City Hall deal with the economic and budget impact of the mortgage crisis.”
The Supervisors and Assessor-Recorder will be joined by leaders of the Alliance of Californians for Community Empowerment (ACCE) and California Reinvestment Coalition (CRC) which are publishing the new findings, as well as foreclosure victims from Bayview-Hunter’s Point and Ingleside-Excelsior who will detail their individual accounts of how foreclosures are wreaking havoc on our families and neighborhoods.
No word on whether or not Supervisor Cohen plans to detail her account of walking away from the condo she purchased with no money down in 2006, leaving “Wall Street” to absorb her $261,500 loss.
∙ The Wall Street Wrecking Ball: San Francisco Report [calorganize.org]
∙ Scheduled Auctions Flat As Pre-Foreclosure Activity Ticks Down [SocketSite]
∙ San Francisco Supervisor Cohen Walks Away From Underwater Condo [SocketSite]
Cohen’s The Bank’s Candlestick Point Condo Closes Escrow [SocketSite]