Chicago Board of Education votes down raises for CPS teachers.... Street-level Interactive Radar Latest weather update WLS-TV Chicago, IL News Send Tips, Video, Pics Local News National / World Healthbeat I-Team Politics Entertainment Strange News Consumer Live Green with ABC7 ABC7 Sports espnchicago.com ABC7 Newsteam Bios Most Popular Stories School Closings MORE TOPICS + Weather 68 M/CLOUDY Weather Home Interactive Radar Severe Weather Weather Sketchers Web Cameras MORE TOPICS + Video & Photos Video Live Video Most Popular Video Photos Viewer Photos More ABC7 Traffic Recipes/Hungry Hound TV Listings/ABC7 Shows Live Well Network ABC Shows Lottery/Horoscopes Community Contact Us/Station Info ABC7 Jobs Contests/Promotions Games Marketplace Chicago Area Jobs Classifieds abclocal.go.com/wls/story?section=ne 1/5
Get Coupons Enter search phrase Local Rogers Park family could lose home day care center Wednesday, August 18, 2010 Tags: local, theresa gutierrez Email Print Report a typo abclocal.go.com/wls/story?section=ne 2/5
Theresa Gutierrez More: Bio, News Team August 17, 2010 (CHICAGO) (WLS) -- A Rogers Park home day care center that was scheduled to open in a few weeks is now fighting foreclosure. The Ortiz family has invested more than $80,000 into the North Side property, which includes a day care center and a space for the community to meet. New statistics out Tuesday show that the number of homeowners falling behind on mortgages has gone up and remains above the normal rate. The Ortiz family knows that all too well. "After our government gives these banks our money, the same government, through the courts and through the laws, are evicting people. So the banks keep the money, the banks keep the houses, they win-win," said Jorge Ortiz, Ortiz family spokesperson. "The bank forecloses on a property that is Fannie Mae-backed and Fannie Mae pays that bank for the full price of the loan and then in turn sells the house for half of the value of the loan. So we, as taxpayers, are footing the bill, the difference between that amount," said Holly Craig, Chicago Anti-Eviction Campaign. The Ortiz family purchased the house in 2008 to run a licensed day care center and a place for much needed after school youth programs and a community meeting space. They also made it wheelchair accessible. Their monthly mortgage is close to $3,000. Ortiz says that Fannie Mae has refused to modify their loan and has foreclosed on the family. "We are willing to pay, work with the bank, you know, pay them, or pay some amount and if the judge will allows us, without kicking us out, that's what we want," said Miquel Ortiz, day care owner. On Tuesday afternoon, supporters of the Ortiz family gathered at the house. "It's theft. I don't think there's any way around it, that they're taking $80,000 from this family and the value of this house. So I think it's unjust and the money is there...look at how much money they gave these financial institutions. The money is there to bail a place like this out," said Chris Poulis, supporter of the Ortiz family. "This will be the first&.latino house community in Rogers Park where they have child care and an afterschool program and we do support their cause," said Susana Salgado, Rogers Park resident. Jorge Ortiz said Tuesday afternoon the judge decided not to evict the family and gave them another month to contest the sale of the center. (Copyright 2011 WLS-TV/DT. All Rights Reserved.) Get more Local» Tags: local, theresa gutierrez Email Print Report a typo Recommend Be the first of your friends to recommend this. Recently Published CPS board votes down teachers' raises abclocal.go.com/wls/story?section=ne 3/5
17 min ago Girl, 8, killed in South Side hit-and-run 24 min ago Amtrak steps up security after track tampering 26 min ago 0 comments Post A Comment Be the first to make a comment! (Max. 500 Characters) abc7chicago.com and its parent and affiliated companies are not responsible for the content of comments posted above or for anything arising out of use of the above comments or other interaction among the users. While we may delete comments and block or take other action against users who we determine at our discretion have violated our rules, we cannot always do so. Please see our Terms of Use for additional policies applicable to these comments. Post By commenting, you agree to our Terms of Use. this Story 3 3 retw eet 0 Recommend Be the first of your friends to recommend this. News Headlines Video CPS board votes down teachers' raises 17 min ago Girl, 8, killed in South Side hit-and-run 24 min ago Amtrak steps up security after track tampering 26 min ago photos of your dad! Police searching for missing 4-year-old boy Carjacking suspect fatally shot by police Blagojevich jury in 4th day of deliberations 5 min ago NFL looks into porn event ad featuring Chicago Bear Lightning strike causes North Chicago fire 51 min ago Cops search for missing senior with health issues 4 shot on Near West Side, 2 suspects held Atty: Peterson 'OK' with Lowe playing him on TV 29 min ago Chicago hospital makes most endangered list Cops: Syringes, heroin found in toddler's crib MORE: Local Illinois News Indiana News Wisconsin News 1. ABC7 Weather Forecast 38 min ago 2. abclocal.go.com/wls/story?section=ne 4/5
Mid-Day Web Brief 1 min ago 3. CPS board votes down teachers' raises 17 min ago 4. Ex-Blago attorney talks retrial deliberations All Live Video : All Video» ABC News: Top Stories 1. Officials: Pakistan Rounds Up Informants in Bin Laden Raid 2. Watch: Laughter at the Republican Debate 3. Watch: Surf's Up for Colorado Geese 4. Watch: Tatum O'Neal on Her 'Toxic Life' 5. Watch: 'Spider-Man' Opens on Broadway 6. Watch: Murder Suspect Attacked in Court 7. Watch: Woman Advertises for Hitman on Facebook 8. Watch: Whoopi Blasts Fox Host's 'Hizzy' Comments 9. Watch: Facebook Helps Half-Brothers Connect 10. Watch: Church Thief Caught on Tape Most Popular Go to Most Popular Most Viewed Stories NFL looks into porn event ad featuring Chicago Bear Most Viewed Video NFL Looks Into Porn Event Ad Featuring Chicago Bear, Other Players Most Viewed Photos B-17 bomber crashes, burns in Oswego abc7chicago.com home Site Map RSS Advertise with Us Contact Us Technical Help ABC.com ABCNews.com Privacy Policy Interest-Based Ads Safety Information for this site Terms of Use Copyright 2011 ABC Inc., WLS-TV/DT Chicago, IL. All Rights Reserved. abclocal.go.com/wls/story?section=ne 5/5