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After the Eviction, a Farewell

Julio Angulo, the Manassas homeowner whose foreclosure eviction was chronicled by TWI, is trying to start over.

I caught up with Angulo last night, as he was driving back to his native El Salvador. He left early Tuesday and by the evening, had made it to Knoxville, Tenn. He was very tired, and said he would check in again once he made it back home.

Angulo had nowhere to stay following his Dec. 5 eviction on a cold Monday morning. He planned on heading to the Prince William County winter shelter. But a neighbor who returned home that evening heard about Angulo’s plight and offered to rent him a room for two weeks.

Early Tuesday Angulo packed up his belongings in his 1986 Nissan truck and headed for El Salvador. He has an injured and arthritic knee, and no health insurance, so he plans on recuperating on El Salvador with his family. Then he wants to return to the United States, begin working again, and begin saving to buy another house.

Angulo’s loan was an Alt-A mortgage made by Aurora Loan Services, a subsidiary of Lehman Brothers. Sixty Minutes on Sunday did a report on how Alt-A loans are the next wave of foreclosures.

Shortly after president-elect Barack Obama won the election, TWI detailed the looming foreclosures for Alt-A loans. The loans are due to reset each year of the upcoming administration.

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