From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

Bay Area Seniors Face Mortgage Hardships

One of the less reported stories about the foreclosure crises would be that with foreclosures comes homelessness. Foreclosures do lead to homelessness but even worse remains the toll that it takes on the San Francisco and the Bay Area senior population.

Many seniors who cannot afford their mortgage due to high adjustable rates, elder abuse or other hardships (e.g. increased medical expenses) end up living either in SROs, motels or worse — on the streets.

The increased medical bill payments continue to be a major issue among distressed senior homeowners. The medical bills eat up most of their savings so they cannot pay their mortgage. With little or no assistance the banks foreclose and many times the seniors cannot even afford an apartment and rental deposit (especially with rents rates so high).

Press Conference Tuesday, Oct. 23 To Support Seniors

Local organizations continue to unite for senior support. Those who wish to support this cause or obtain more information may either contact us or attend a press conference and rally to hear the local stories and support the seniors who continue to live through this situation.

This event is co-sponsored by POOR Magazine/Prensa POBRE, the Manilatown Heritage Foundation, the Idriss Stelley Foundation and the San Francisco Bay View newspaper and will take place Tuesday, Oct. 23, at 1164 Church St. at 24th Street.

Photo: Occupy Bernal

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

From Foreclosure To Homelessness For San Francisco Bay Area Seniors

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Filed under Banks, California, Events, Foreclosure, Mortgages, San Francisco

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