SEE HERE FOR COMMUNITY LEADERS RALLY AROUND JUNE REYNO – CALL PRESS CONFERENCE
REPOSTED DUE TO POPULAR DEMAND
SAN DIEGO,CA. A Mira Mesa woman and her husband are fighting their eviction from the place they’ve called home for the last twenty years on Priestley Street. Unable to afford the adjustable rate mortgage monthly payments of $5,800, the couple and their five dogs have been evicted, but June Reyno is fighting the eviction – which could be today the 27th or tomorrow – by chaining herself to her house. They expect the San Diego Sheriff’s Department to come out to the Reyno’s home any day. The Sheriffs delivered the eviction notice on October 8th.
MSNBC reports that Reyno said she will remain chained to her home until “the California State Legislature elected officials respond to these massive evictions and foreclosures that are going on in our county.” The couple’s salary was halved recently when June lost her job. It is reported that the couple were approved for a loan to buy the house back, but they claim the property manager won’t agree to the new terms. “We will not allow them to take this home from us,” June Reyno claimed.
[Go here for the MSNBC story.]
{ 27 comments… read them below or add one }
This brave woman should have dozens of supporters surrounding her.
So why aren’t you up there in mira mesa – that’s your territory, isn’t it?
I’ve got a solution how about bolt cutters. This woman is breaking the law.
Wow. this idiot used her house for an ATM when the market was high then lost her job and was unable to make the $5800 a month payment!
$5800 a month? that’s more than what most people make in a month.
AND NOW SHE AUDACITY TO CHAIN HERSELF TO THE BANKS HOUSE AND DEMAND THE STATE KEEP THE BANK FROM TAKING THEIR HOUSE?
She is a THIEF! she refied her house to pull the equity out and now she can’t pay back the loan.
I have no sympathy. Channel 8 reported a more complete story. She refinanced and used $300k+ in a business venture that failed. According to sources readily available online, the house was offered up for auction one year ago with an estimated default of over $633k, and the original sale price when she and her previous husband bought it was $198k. She styled herself a foreclosure and short sale specialist.
Some of these comments are awfully harsh. I’m sorry but what really is the difference between this person and the banks and finance firms we the taxpayers just bailed out?
One can hear the wolves knives sharpening in the background.
Either way this mess of real estate was created by greedy investors, bankers, loan agents etc….. now people are losing their homes and the rest of the untouched world just sits back and lets it happen. The american dream up in smoke by greed!
This drama queen should go live in an apartment if she can’t afford the house. Why should the taxpayers pay for her mistakes?
Something really isn’t right with this story. We know there is $600,000.00 missing from the basic news stories. With a quick search you can see she has a house for sale in Hawaii (You know it’s the same person as her picture is shown):
http://www.foreclosure.com/listingdetails.html?st=hi&ci=Wailuku&tab=c&cno=009&listingid=11685503
And.. she soliciting ‘sophisticated lenders that want to earn more for their investment dollars’ in the The Great Wealth Wave and Pursuit of Happiness Meetup:
Could this be some kind of con to get people to lend her money which she never intends to repay? Could she be using real estate as the vehicle to trick investors out of cash? This doesn’t appear to be a typical home owner who just fell on hard times.
We should call for an emmergency forum so we can gather our thoughs as to this situation…
I cannot believe the irresponsible news coverage of this story. Where is the mention that she refinanced her home and took loads of cash out? Where is it mentioned that she is a real estate professional that specializes in short sales and bankruptcy. Rather, the news has portrayed her as a victim.
I would suggest she was just trying to scam the banks for self gain and she got caught. This is no ones fault but hers.
If any one is the victim, it is us for listenting to this made up sob story. You reap what you sow…….
Everybody – hold on! Everything that has been said about June Reyno can be stated over and over again about the banks and the financial institutions – and now it looks like auto makers – . This is the point – our Congress caved in to ‘the sob story’ of these giants but society is too harsh to listen to individual sob stories like this one, albeit, it’s not a perfect one. Where is the perfect sob story?
Scott says : “Could this be some kind of con to get people to lend her money which she never intends to repay?” How about the con job our government just signed up for?
Molly, there is a huge difference between June Reyno and our Gov’t bailout plan. The Gov’t bailout plan is intended to benefit everyone by averting a financial meltdown. This June Reyno scam is purely selfish.
The Gov’t plan is far from perfect but the intentions are valid.
The intentions are far from valid. The financial crisis was manufactured to broaden the already extensive power that the IMF and the federal reserve already have in our broken economy. The entire crisis is being carried out to further the intrests of the banking cartels that run this country.
What progressives ought to be paying attention to here is the obvious fact that we have NOT been hearing about widespread acts of resistance against massive numbers of our friends, families, neighbors, being forced out of their homes. During the Great Depression, people organized to block evictions. Many more people back then understood that capitalism is no better than state-sanctioned organized crime, and people fought back against it.
The publicity this story is getting is important, not because of any specific details of one families situation. It is important because it HITS A RAW NERVE that millions of people care about. Housing is a fundamental human right. Housing is not only for those of us who can afford to pay for it.
We do need a broad movement to demand the foreclosures and evictions stop. The San Francisco Central Labor Council, comprised of all the unions in that city, have already called for exactly that kind of national movement.
What are the unions and community groups here doing about this crisis?
Monty – see new update about the San Diego Ad Hoc Campaign Against Foreclosures and Evictions – they are having a press conference on Thursday Oct. 29th at noon at the Reyno’s residence to show support for them.
hey all you condesending idiots? put yourselves being thrown out into the streets. not a pretty place. lets see how fast you idiots would change your tune. this lady did not use the equity in her house to live high off the hog, nor was she a pig. the filthy dirty scumbags were the banks, greedy investors, and anyother piece of crap looking for a fast buck. do any of you jerks realize how much the country has been screwed over by this? i don’t think so! keep blowing your mouths off about innocent people being fore closed and i guarantee you are going to be in the same boat. so shut the hell up, and start getting pissed at the real S O B’s .
condesending idiots? nice. What did she do with the over 300K that she took out of the home? she sure didn’t spend it on makeup and new clothes!
Please please please throw her in jail. She in a criminal…
What the hell did she do with all the money she stole from the banks? Why should we feel sorry for her? She had other houses that she pulled money out of. She is NOT homeless. She can :gulp: RENT!!!!! She lost her job? She let her real estate license expire. I’m disgusted. Praying for sympathy when she’s working the system.
There is more to the story. They bought more than 7 homes, and have foreclosed on all but one or two. She used equity as a personal ATM to buy those other homes, pay off credit cards and fix up her home. The banks have to shoulder some blame for offering free and easy credit, but people still need to take personal responsibility for their actions in putting themselves in a bad situation by overextending themselves beyond their means of living.
gloria – I’m in her shoes. Terms changed on a loan, I lost my job and took another at a little more than half my old salary, and I accepted financial responsibility for my partner and her daughter, all in the course of about a year.
The bank gave me a stupid loan that never should’ve been written. I was sophisticated enough a borrower to understand that when I signed up for the deal, but it was supposed to be a quick fix until the family situation smoothed itself out and I got some income rolling. So, like the DRE license-holding Ms. Reyno, it was as much my fault for taking the loan as it was the bank’s for giving it. When it became apparent my situation wasn’t going to change drastically enough to allow my partner and I to afford our home over the long term, we made arrangements to move into an apartment and scale back some of our extravagences. I’ve paid rent (on time) for the property on which I’ve resided every month since my 18th birthday, the payments on my old house didn’t stop until after I’d moved and the bank refused to accept my offer to simply deed the house back over to them and save them the hassle of foreclosure. Ms. Reyno hasn’t paid for housing in 13+ months…during that time, couldn’t she have saved some money to allow for moving expenses and a new place, at least until she could get back on her feet?
– In Reyno’s Shoes
http://junereynosales.com/
She promotes herself as “Specialist in Mitigating
Foreclosure Losses” but can not handle her own finances ?
Dave – did you do this on all of your 8 properties? Did you pull over half a million dollars and blow it in 2 years? No. You were struggling but did the right thing, difficult as it was. I admire integrity.
She’s complaining about banks being bailed out, not people. BUT the bank wouldn’t need bailing out if she didn’t rob the bank of half a million dollars.
She already got her money!!
This kind of thing is why we are in a financial crisis. You can’t use your home like an ATM, like someone else said. For those of us that are struggling to keep our homes without second loans its hard to sympathize. I know people in the same boat as this women. Every time they wanted to on vacation, buy a Prada bag or finance some other stupid venture they were at the bank applying for equity loans. I’m sorry if you were stupid enough to RISK your home for a shopping trip, etc. then sa la vee.
jp – I had two houses, one was rented to the ex-wife’s family that I used to cover for while we were married for a while. When they turned dead-beat I sold it and used the profit to float payments on the other house while it was up for sale. When it didn’t sell I refi’d and moved back to hell (read: East County) for a year, then eventually gave up on digging out of the hole. I bum-forked the bank, and they now want to likewise stretch out my financial keester. Fair enough, I deserve it, and I’ll stand by my (poor) decisions. But that’s not the right thing to do, nor is it integrity…I’m no better than Reyno, save for the fact I’m not waving my arms asking for someone to save me from my own eff-ups…