US Bancorp executives agree to meet with janitor facing foreclosure

[Omaha Steve]

http://www.workdayminnesota.org/index.php?news_6_4380

28 February 2010
MINNEAPOLIS - Executives from U.S. Bank agreed to meet with Rosalina Gavilan Gomez, a janitor at U.S. Bancorp in Minneapolis who cleans the office of U.S. Bancorp President and CEO Richard K. Davis. Gavilan Gomez had planned to deliver a letter to Davis, asking him for help to save her home — a home foreclosed on by U.S. Bank.

Gavilan Gomez was scheduled to meet with U.S. Bank executives, including Minneapolis Market President Elliott Jaffee, at 4 p.m. Friday at national U.S. Bancorp headquarters, 800 Nicollet Mall, downtown Minneapolis, her union said.


Rosalina Gavilan Gomez

“I work hard every day to keep Richard Davis’ office clean, but my family and I need help to save our home,” she said. “I am glad a representative of U.S. Bank has decided to meet with me because everyone in our community needs good jobs to keep our homes, and it is the right thing for them to do.”

Gavilan Gomez and her husband purchased their home in 2004 for $200,000. Working 40 hours a week at $12.97 an hour, her annual salary of $26,000 just wasn’t enough to keep up with her Adjustable Rate Mortgage, she said. She and her husband were forced to file for Chapter 7 bankruptcy. Soon after they lost the right to keep their house. U.S. Bank foreclosed on the house on Sept. 11, 2009.

FULL story at link.

[Fridays Child]

1. We can solve this image problem of being your employer, mortgage-holder, and forecloser, right now.

You're fired!

[Travis_0004]

2. Why is somebody making 26,000 buying a 200,000 house

I don't know what the average house is there, but I know there are many great houses for less. There are many great houses (nicer than mine) for 120-150k, or maybe a bit less.

Because its bad for their public image, they will probably do something, but people need to buy a house they can afford.

[Fridays Child]

3. And predatory lenders should not have offered pie-in-the-sky to borrowers.

As a fairly well-educated person, I would have had trouble keeping up with the sleight-of-hand number crunching many of them have foisted on the public. And, if I were a less cynical person, I might have even swallowed the shit they shoveled.

[Travis_0004]

4. What is predatory about it?

Its called an adjustable rate mortgage. Its not exactly hidden in the fine print, its the title of the loan.

I was offered one, and I laughed at them. For some people an ARM may work for them, but for most it wont.

Banks have been sued because they denied too many loans, so they loosened their standards, and now its considered predatory?

I would love a 200,000 house, and when I bought a house, I was approved for 200,000. Maybe some people with my income could afford payments on a 200,000 house, but it was more than I felt like spending, so I went with a cheaper house.

[Fridays Child]

6. Bankers' Champion

Maybe Skinner will let you change your username.

[Omaha Steve]

5. I wonder what the husband makes?

That income might have been high and disappeared with the economy.

[lunasun]

7. Well

at least she knows somebody at the bank. So that will help her. And the sicko bank can look kind good PR to help out.
I think these days no matter what it helps to know someone.