Foreclosure Problems Continue At Oakland II: No Respite In Sight

April 14th, 2008

Kevin Stein, member of a non-profit Californian Reinvestment Coalition, has stated that the state has remained largely unqualified in trying to meet the foreclosure demands. The daily scenario of low-income status has been quite a problem that hinders any progression for the benefit of the majority. Though the situation is anything less than inhuman that has affected the hundreds and thousands of families have been kept bereft of their daily needs just because the landowners wish to curtail their bills and taxes.

Residents like Hancox have the same old question for the issue of general human justice and meeting of daily resources. So why is the government not interested in making this issue more stabilized instead of making the tenants the helpless victims of a real estate market that is observing the downside of the economy. The current financial status of the state gets to show how human rights have been negated under the face of pressure. The banks and loaning sectors are again finding it an easy passage to pick on the innocent tenants who really can’t afford to meet more than their monthly rentals in time. Hancox being a local healthcare worker stresses that most residents pay the dues in time without the least bit of trouble but after meeting their due respects to the properties, it really makes no sense to get them pay any further with the imposed taxes and water bills, etc.

The utility company of San Francisco has long avoided this problem by trying to shut off the tenants whose rents in fact include the utilities taking after their owners. These the moneylenders include with foreclosed properties.

Last week, an official even commented that the East Bay Municipal Utility District in Oakland had taken the very first steps into doing away with these tactics. They declared a moratorium on such water shut-offs for the numerous residents scattered around that area. The agency continues to explore the possibilities that the property owners hold in case of lenders’ accountability for meeting the payment of the utility bills. The board’s finance committee has decided upon the fact that the three-member committee itself votes among themselves but unanimously so that they can draft the procedures to include some of the property liens as well as file up law suit against the land owners. This way the problem related to the falling economy and the plight of the residents can be expected to be restored. The total seven-member committee is expected to vote on the entire matter later this month to check out possible areas of disagreement as well as areas where they can reconcile. Deeper matters is expected to delve in with this approach in regards to creating a buffer to this problem.