A Letter from Bruce Karatz
Upon retirement in 2006, I foresaw the pending problems tied to foreclosures and wanted to find a way to assist families in need. I formed a non profit, named it The Keep Your Home Foundation and my objective was to preserve neighborhoods. Keeping families in their homes allows neighbourhoods to stay vibrant and healthy.
I decided to focus on the San Fernando Valley where I anticipated large problems with foreclosures. I rented an office on Ventura Blvd. in Sherman Oaks (an old escrow company) and hired a manager who had REO experience to run the office.
We focused on the San Fernando Valley and my manager went to dozens and dozens of churches and realtors’ offices to find families with mortgage problems.
My manager and I met with many realtors in the San Fernando Valley and the Inland Empire to encourage them to send us families with mortgage issues that they could not solve on their own. Read more.