Follow-up with George Warren (continued)

Ok, so instead of below, let's try above original post...

EMail Response from KXTV10's George Warren:

I think the point of your letter is that it's bad everywhere.  I'm sorry to hear about the problems in your neighborhood.

We weren't drawn to the Rancho Murieta story because it involves a luxury neighborhood.  Our interest is in the appearance of back-door dealing.

If this happened in your neighborhood and I was made aware of it, I would be down there tomorrow.

Thanks for writing.

George

________________________________________
From: llprater@hotmail.com  [llprater@hotmail.com]
Sent: Monday, November 02, 2009 10:43 PM
To: Warren, George
Subject: Rancho Murietta Foreclosed Home Story

Mr. Warren,
Does this kind of story have to happen in a "luxury neighborhood" to become a relative news story?
So these homeowners are angry because a foreclosed property sold for pennies on the dollar? Boo-Hoo! What a privileged little enclave they must have up there in Rancho Murietta! Unfortunately, it's really difficult to muster up a lot of sympathy for lost home equity since I live in Stockton, and it has been an everyday REALITY for a LARGE percentage of people in our community, our block in particular. We have had 9 foreclosures on our block in the past 18 months, 2 of them currently sitting right next door vacant. The other 7 have since been flipped into rentals by absentee landlords. You want to talk real loss of equity? In May 2007, our property was appraised at 275,000 when we settled into our 30yr fixed mortgage after almost 8yrs of being ripped off by Option One and the ARM we were forced into when we bought this house in  Jan. 1999. As it sits now, we have lost almost 150,000 in EQUITY and the meter is still running...Remember those 2 foreclosures next door? One is listed for 74,000 and the other one for 64,000! And if you are really looking for a story to get indignant about, our neighbor Jeff just had to move out of the family home he was renting from his parents when foreclosure hit. But in spite of the fact that he was eager and financially qualified to purchase the home he was living in, the lender refused to negotiate with him because he was a relative. So now we have lost a great friend and neighbor, and have had to endure a parade of potential homebuyers that resemble an Al-Quaeda sleeper cell looking at this property smack dab in the middle of our formerly tightknit little neighborhood! Betcha the good citizens of Rancho Murietta would REALLY have their knickers in a knot about that as well, and for that I would sympathize. So, cry me a river Rancho Murietta, with your ivory towers and country club crap! It does afford me a small amount of cold comfort to know that hard times can devastate anyone, anywhere, and this time around it even seems to be hitting The Haves right alongside The Have-Nots!