Home Foreclosure: As Sleazy and Shady As You Think

Following up yesterday’s very important story of the parrot who was seized as part of a home foreclosure gone wrong, I noticed some further details in this  Wall Street Journal piece—scary details:

Mortgage lenders have struggled in the past three years to hire and train enough people to deal with the biggest wave of foreclosures since the 1930s. Nearly eight million households, or 15% of those with mortgages, are behind on their payments or in the foreclosure process.

And (cue Capra on this one):

At the same time, suicide threats from distressed borrowers are so common that one lender, OneWest Bank Group in Pasadena, Calif., had to establish procedures for alerting the police.

Full story is available on The L Magazine

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