Posted On: December 7, 2009 by John Watts & M. Stan Herring

A Tragic Tale Of A Mortgage Loan That Should Never Have Been And The Devastation It Caused A Family

Donna St. George of the Washington Post has a tragic story (with a slight happy ending) about a woman who made $15,000 a year being given a loan for a $700,000 house with over $5000 a month payments.

The story contains: foreclosure, fraud, ignoring warnings, promises, dreams of wealth, hitting rock bottom, and more.

I don't want to say any more about it - just read this story. The writing is excellent - the story is compelling - and you will get a taste for what the real estate boom (aided by or caused by fraud) did and is doing to real people.

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Posted by John G. Watts & M. Stan Herring | | Email This Post

Posted In: Foreclosure , Mortgage/Foreclosure

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& M. Stan Herring P.C.
Alabama Consumer Protection Lawyers
Phone: (205) 879-2447
or (205) 714-4443

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