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The USDA wouldn’t let her give up her house when she couldn’t pay her mortgage. Instead, it crushed her with debt.
The USDA failed to follow its own guidance for a rural mortgage program, taking years to foreclose on delinquent loans. As a result, 55 Maine borrowers racked up, on average, $110,000 in additional debt before the agency moved to take the homes.
Read this story by Sawyer Loftus of the Bangor Daily News |
Thanks for allowing me to provide you with a look at today's news. I'll be back with more tomorrow. |
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Have feedback or a correction? Let me know directly: george@themainemonitor.org.
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