I received this letter from Torrance resident Bob Kelchner on the story I did on Carson resident Frank Torres' efforts to save his foreclosed home:
Your article in the Breeze today about Frank Torres had good balance. This could happen to any of us. Wouldn't you do the same as Torres and fight to keep your home??? The Home Mortgage situation looks like a one way street. The banks get bail outs from the Fed and these situations with home owners get pushed aside.
It seems to me that the bank would make out better with the original home owner making payments. Now, the bank must sell the loan to another bank and then put the property on the market for sale. How long and how much $$$$$$ is that going to take.
There must be something the community can do with this. Can Mayor Dear of Carson contact the bank that has the paper on this property and put sale on HOLD? Go back and renegotiate loan with Frank Torres. This is a good human interest story for the Breeze and of course the right thing to try and do."
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