
Drudge Put Her On Blast, But Richardson Fights On!
While South Bay politician Laura Richardson says the foreclosure on her Sacramento house was due to a miscommunication, the congresswoman has also defaulted on properties in Long Beach and San Pedro, records show.
Clearly the mortgage crisis facing the nation is affecting more than just the average Joe.
Dropping Home Prices Worse In 20 Years
Richardson, who represents Long Beach, Carson and other areas of Southern California with a sizeable African American community, was able to bring her payments up to date on the Long Beach home relatively quickly, but the San Pedro property lingered in the foreclosure process for almost eight months, and still has a pending auction date.
The Long Beach Press Telegram has all the details.
While South Bay politician Laura Richardson says the foreclosure on her Sacramento house was due to a miscommunication, the congresswoman has also defaulted on properties in Long Beach and San Pedro, records show.
Clearly the mortgage crisis facing the nation is affecting more than just the average Joe.
Dropping Home Prices Worse In 20 Years
Richardson, who represents Long Beach, Carson and other areas of Southern California with a sizeable African American community, was able to bring her payments up to date on the Long Beach home relatively quickly, but the San Pedro property lingered in the foreclosure process for almost eight months, and still has a pending auction date.
The Long Beach Press Telegram has all the details.
Richardson used her money to finance her campaign and fell behind in mortgage payments. But now, Richardson said, she has renegotiated her loan and promised to fully pay it off, along with $9,000 in delinquent property taxes.
The daughter of a Black man and White labor union activist, Richardson has been working her butt off to be on the cusp of a new political movement spawning the likes of Newark, New Jersey Mayor Cory Booker, DC Mayor Adrian Fenty, former Tennessee Congressman Harold Ford, Massuchusetts Governor Deval Patrick, and most notably, 2008 presidential candidate Barack Obama.
"A lot of people were saying this was a done deal," Richardson said. "We needed people to stay focused and keep reaching out to voters. I'm just incredibly grateful."
Richardson won 37.8 of the vote, to 31.3 percent for Latina state Sen. Jenny Oropeza. Millender-McDonald's daughter, Valerie McDonald, finished a distant third with 9.4 percent.


