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Occupy Wall Street Nevada County Tries to Save Foreclosed Homes

Nevada County resident and 91 year old veteran of World War II Lou Conter recently went public with his efforts to save his home from foreclosure. After 0 years of not missing payments he was trying to separate a home improvement loan from his mortgage to clear his title.  During the process an attorney had advised him not to make payments and the next thing Conter knew, his home was being sold in a foreclosure auction.  Lou Sitzer, a long time educator in Nevada County and now a member of the Occupy Wall Street Nevada County group working to forestall foreclosures says he went to Bank of America Tuesday and asked branch Manager Rick Willoughby what could be done.

“Rick was very helpful in looking up on public record what had happened to the house. It had been brought up to auction on the 15th of December. Lou Conter was there and no one bid on it, so it went to the beneficiary. What Rick, the manager said is that usually, it goes back to the bank and then the bank will put it on the market with a broker and it will sell on the public market.”

They determined that the Conter’s Alta Sierra home had not yet been placed with a broker and Sitzer asked the bank if they would open an account so people could donate to a fund to save the house. Sitzer says he then talked with Lou who decided to leave well enough alone.

“At this point, I talked with him yesterday, and he said, ‘let’s just let it be.’ He’s happy where he is, he’s taking care of his wife and he’s 91 years old and he doesn’t want to pursue anything further.”

Sitzer says there are still many people in Nevada County in the throes of losing their homes and Occupy Wall Street Nevada County now has 10 working groups focusing on foreclosures. For more information people can go to the website www.gaoccupywallstreetnc.org.

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