Homeowners May Lose Homes in Auction

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Saturday, August 28, 2010 - 7:37am

More than 100 homeowners in Brownsville are fearing they'll be kicked out of their homes in the coming days after they learned their homes may be auctioned off, Michelle Macias tells us why these homes may be up for auction and what the homeowners need to do before being evicted.

About 180  homeowners living in Northeast Estates subdivision are fearing they'll be living in the streets after Landmark Valley Homes failed to pay a loan to International Bank for the amount of more than $1.4 million dollars since the loan was never paid off. International Bank is now auctioning the land and the homes to the highest bidder beginning September 7th.

Frank Gonzalez, along with his neighbors learned about the auction days ago and now they're going frantic looking for someone to shed light on this situation. Rebecca Pena says everything appeared in order until she tried to make a mortgage payment in June and told she couldn't make the payment anymore since Landmark had filed for bankruptcy and employees would not be accepting payments.

Marta Fuentes and her family are also frustrated and are wanting justice because she says she did nothing wrong, she's made her payments on time and for someone to take over her home just isn't fair. Cameron County Judge Carlos Cascos has made a call to a local attorney, who has offered to look at the cases individually , and hopefully help these homeowners keep their homes free of charge.

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