Migdalia and her family kept their home with help from BlueHub SUN
http://bluehubcapital.org/sites/default/files/files/pdf/SUN_Migdalia_0.pdf

Keeping Migdalia and her family in their home

BlueHub SUN, Jamaica Plain, Massachusetts

The mortgage broker was encouraging. He helped her refinance her mortgage with an adjustable, interest-only rate. There was no way to wade through all those documents in such a short period of time.  “City Life and SUN rescued my house and gave me back my American Dream; they gave me peace of mind; they gave stability to me and my family.” As Migdalia notes, “They don’t give you one or two days to read the hundreds of pages they put in front of you… they just tell you to sign.” Then the interest rate skyrocketed to 12% and her monthly mortgage payments suddenly exceeded $4,500. Gamely, Migdalia continued paying this increased amount- until foot surgery caused her to miss four months of work; at the same time, the economic downturn eliminated any additional income she had been earning through a side business. And so, Migdalia slipped into mortgage delinquency. In October 2009, despite her best efforts, Migdalia’s home was foreclosed upon. She was terrified that she would have to move her kids, but City Life and BlueHub SUN "rescued my house and gave me back my American Dream; they gave me peace of mind; they gave stability to me and my family. I am so thankful for these two organizations who really work for social justice.”

Our mortgage loans are made by BlueHub Capital's affiliate, Aura Mortgage Advisors. Aura is a licensed mortgage lender (N.M.L.S. #ML23467).