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Loan-mod protesters make a delayed entrance

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Another protest. This one local and gone awry. From latimes.com:

Consumers trying to warn the public about so-called loan modification scams found themselves tripping an alarm of another sort Wednesday: About 15 of them got stuck in a Buena Park office building’s elevator during a demonstration.The failed protest was the latest in a string of tough breaks for a group of about 30 mostly elderly and Latino homeowners who gathered Wednesday outside the offices of a company called Centre Legal. Many of the demonstrators are about to lose their homes to foreclosure. Several had paid Centre Legal or one of its affiliates thousands of dollars to help them work out easier payment terms, but said they received nothing in return.

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The protest was yet another organized by the Assn. of Community Organizations for Reform Now, or ACORN.

ACORN alleges that a number of Southern California homeowners have paid fees to Centre Legal but received nothing in return. ACORN said the company has also operated under the names Centro Legal, Modificate and Gigante Mortgage.Calls to Gigante and one of its agents were not returned. Contact information for the three other company names could not be found.

Apparently no one was in the offices when the protesters arrived. And here’s the kicker:

The building owners pressed the demonstrators to pay the fee for fixing the elevator.

-- Lauren Beale

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