Azusena Favela
“This housing crisis is different from the Great Recession,” said Azusena Favela, deputy director of the Economic Development Division at the Department of Consumer & Business Affairs, shifting focus to homeowners facing possible foreclosure.
Favela said she sees a proliferation of “cash for keys” flyers in her South L.A. neighborhood tempting people who’ve fallen behind on their mortgages to sell their homes for a fast payout. She urged those who might be tempted to tread carefully.
“I understand the desperation,” she said, “but before making a decision, contact us.” Counselors are available in multiple languages at (833) 238-4450 or check the department’s website.