Congresswoman Laura Richardson has responded to the media and public that her home foreclosure was improper.  The LA Times covers the story here.

 

Below is also a release that her office recently sent out about the story.

 

The recent stories published regarding residential property that I own in Sacramento require further clarification. 

 

Within a 12-month period last year (2007-2008), I was a member of Long Beach City Council, the District Director for California Lt. Gov. Cruz Bustamante, a member of the California State Legislature, and, now a member of Congress. All of the transitioning has affected my finances.

 

In March of this year, I was notified that the mortgage was in default. At that time, I began continuous and ongoing discussions with the lender to reinstate and modify the loan, which I believe will preempt any subsequent sale. Since those discussions were initiated, I was not notified of any pre-emptive sale of the property in May.

 

Of the two housing bills that were cited with the allegation that I recused myself from these votes. I did not. I was absent from that period in May from Washington, D.C. and my duties in the House of Representatives earlier this month due to the untimely death of my Father and his subsequent funeral in California.

 

I am continuing to seek resolution with my lender of the outstanding issues and to fulfill all financial obligations on this property.