Calif. congresswoman: I'm up-to-date on home loans
AP , Long Beach: Nov 1 2008
Made Popular Nov 1 2008
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United States :

A California congresswoman whose house temporarily went into foreclosure has paid up the delinquent home loans, she said Friday.

“Everything is currently in order and has been resolved,” U.S. Rep. Laura Richardson told the Long Beach Press-Telegram, which also had reported that she held the highest lease for a government car in the House of Representatives.

Richardson, who is running for re-election Tuesday, temporarily lost her Sacramento home to foreclosure this year. Washington Mutual sold it at auction in May but reversed the sale after Richardson complained she hadn’t received proper notice.

The Democrat said she has worked out a modified loan with the lender and plans to put the home up for sale or rent in December.

She also said she modified loans for her two other homes in Long Beach and San Pedro without a reduction in interest or principal, and that she is current on the payments for a leased apartment in Washington, D.C.

She also said she lowered the lease on her government car from $1,299 a month to $774.

She said she takes responsibility for “personal mistakes.”

Richardson’s ambitious one-year ascent from City Council to state Assembly to Congress gained national attention when the house was sold in foreclosure, followed by news that she had multiple defaults on her other homes.

Five of those defaults occurred when she used $177,500 of her own money to finance her political career.

Richardson represents the 37th Congressional District, which includes parts of south central Los Angeles, Carson, Compton and most of Long Beach.

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Information from: Press-Telegram, http://www.presstelegram.com

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