Aug 10, 2012
According to a recent study, California has the highest
foreclosure rate in the country and the Riverside area
ranks among the top cities in the nation for highest
foreclosure rates. So what is Republican congressional
candidate John Tavaglione's (CA-41) plan to address the
foreclosure crisis? Nothing, that's what. When asked at a
forum yesterday how he would stabilize the housing market,
Tavaglione said, "We should stay out of it, in my
opinion."
"With his do-nothing solution to the foreclosure crisis,
John Tavaglione would fit right in with his fellow
Republicans in Congress, who have failed to help struggling
homeowners stay in their homes," said Amber Moon of the
Democratic Congressional Campaign Committee. "Riverside has
one of the highest foreclosure rates in the country, and
its residents need a congressman who will go to bat for
them in Washington, not somebody like John Tavaglione, who
would sit on the sidelines and do nothing."
Background:
When Asked About Foreclosure Crisis Tavaglione Said "We
Should Stay Out of It." In 2012, Tavaglione was asked what
should be done about the foreclosure crisis in the region.
He said "We should stay out of it in my opinion."
[Riverside Chamber of Commerce Candidate Forum, 25:42, 8/9/12]
Riverside Had Some of Highest Number of Homes in
Foreclosure in California. A report from RealityTrac showed
that Riverside had some of the highest number of homes in
foreclosure in California. The state had the country's
highest foreclosure rate in July, with "one in every 325"
homes at risk of reverting to bank ownership. [Southern
California Public Radio,
8/8/12]
Tavaglione Will Join Republicans Who Voted to Shut Down
Help for Homeowners to Refinance. Tavaglione will go
to Washington and join Congressional Republicans who voted
to shut down a federal program established to help
homeowners who owe more than their homes are worth
refinance their loans. A borrower current on his mortgage
would qualify for a Federal Housing Administration (FHA)
refinanced loan given that the lender wrote off at least
percent of the unpaid mortgage principal. The bill
rescinded all unobligated funds allocated for the program
under the 2008 financial industry bailout. The bill passed,
256-171. [HR 830, Vote
#171, 3/10/11]
Tavaglione Will Join Republicans Who Voted Against
Protecting Senior Homeowners from Being Served Foreclosure
Notices. Tavaglione will go to Washington and join
Congressional Republicans who voted against a measure that
would have required the Secretary of Housing and Urban
Development to determine the amount necessary - and
appropriate that amount - to provide assistance under the
FHA Refinance Program to senior homeowners. The motion
failed, 185-243. [HR 830, Vote
#170, 3/10/11]
Tavaglione Will Join Republicans Who Voted Against Even
Protecting Veterans and Active Service Members from
Foreclosure. Tavaglione will go to Washington and join
Congressional Republicans who voted against a measure that
would have protected veterans and active service members
from foreclosures. The measure required the Secretary of
HUD in consultation with the Secretaries of Defense and
Veterans Affairs, to determine the amount necessary to
provide assistance under the Emergency Housing Act of 1975
to homeowners who are veterans or members of the Armed
Forces on active duty. It would also authorize Congress to
appropriate this amount of assistance to veterans and
members of the Armed Forces on active duty under the
Emergency Mortgage Relief Program. The motion failed,
182-238.Vote
#173, 3/11/11]
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