Northern California Woman Faces Eviction After Foreclosure Rescue "Life Preserver" Turns Out To Be An Anchor

In Northern California, the Redding Record Searchlight reports on the story of a local homeowner who was facing financial trouble and looking for help to save her home from foreclosure. Facing mounting debts, she took a step that would ultimately cost her her home.

• "I saw this ad on TV saying, 'We can help you,' " she said. "So I called them because I was in trouble." Next thing she knew, she was in a Redding title company in April 2006 deeding her home to a Redding man and signing a lease-option contract. She said she got $3,000 out of the deal that went to pay bills. "All of a sudden I realized I was giving them total control of the property, but if I hadn't done that we would have been out," [she] said. She hoped to buy the property back after two years. [... She] acknowledges her decision may not have been the best, but she acted under the extreme pressure of mounting debt.

She now faces a February 8 eviction date.

For the story, see Redding woman's efforts to save her home end in foreclosure.