The real estate investor, who has been at the center of the controversy over what is known as the “Red House on Mississippi”, said there was “too much” of occupation demonstrations and the occupation of the North Portland house and that the property was being offered to former owners for a price. Roman Oseruka, 33, bought a home on North Mississippi Avenue for a pre-sale in 2018 for 0 260,000 and offered to sell it to the Kinney family, who have owned the home since the 1950s. “We are a small family business and we certainly do not seek to hurt anyone,” said Oseruka, co-owner of Urban Housing Development LLC. “We are overwhelmed by the focus on this. We have offered to resell the property as we have already paid taxes, legal fees, bank fees, etc.” For a negotiation to end the protests on the spot, Ozeruka said he feared for the well-being of his family. “I am the father of small children,” he said. Moved to Portland.When Roman was 18, he and his older brother had been buying and selling residential real estate since 2005. They had bought some property by foreclosure. When a borrower withdraws, the lender usually has the right to repurchase the home and resell it on a foreclosure sale. The misuse of the foreclosure process by some of the country’s largest lenders became a sign of the Great Recession 2008-2012. Even when done right, the former homeowner has the door open which is a painful act. For a long time the owners of the Red House refused to leave and sued Oseruka’s company and other companies for breach of preemptive rights. This house has become a symbol of curvature and racial inequality. As for Wheeler, Oseruka said the mayor’s staff approached him to look into some sort of compromise. “I did not speak to the mayor, but to his office,” Oseruka said. “I don’t know what’s going to happen.” Oseruka said the current stalemate represents a broader issue than a residential one. “Even after we return it (we have already provided it), this issue will not go away. It’s about mortgages and laws and law enforcement.” Jeff Manning 971-263-5164; [email protected]
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