Thousands seek mortgage relief

| | Comments (0) |

In a scene that put thousands of faces on California's persistent mortgage crisis, a line of struggling homeowners wrapped around two sides of the Los Angeles Sports Arena on Thursday morning, eager to get into an event meant to help them deal with stubborn lenders. Kevin Moodedsti in Daily News.

Organizers estimated 200 people camped overnight, 5,000 more waited as the doors opened, and 100,000 people will file through the arena in the 11 days of the Save-the-Dream Tour, put on by the non-profit Neighborhood Assistance Corporation of America.

The event, called the largest-ever event of its kind, began a week after a RealtyTrac report showed that California accounts for one-fifth of the nation's 2.8 million foreclosure filings in 2010.


Leave a comment

About The
Sausage Factory

Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

About this Entry

This page contains a single entry by Rick Orlov published on January 21, 2011 6:44 AM.

Poor grades for anti-smoking laws was the previous entry in this blog.

Lottery for pot clnics is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Recent Comments

Powered by Movable Type 4.25
 

Advertisement

Other blogs

USC v. UCLA in Inside USC with Scott Wolf
Prep Wrestling - San Fernando beats Granada Hills in Daily News High School Spotlight
Quotables: Ben Howland in Inside UCLA with Jon Gold
The Media Learning Curve: Jan. 28-Feb. 4 in Farther Off the Wall
Pew study on L.A. in The Sausage Factory