Think you've read the worst about foreclosures? Read this | McClatchy: "Hall's foreclosure defense lawyers, in what has become a booming -- and sometimes predatory -- business, charged her more than $20,000 while regularly failing to show up in court. One lawyer charged Hall $2,800 for work he did trying to withdraw himself from the case.
Law enforcement officers are scheduled to come to Hall's house to evict her and her family next week, nearly five years after a mortgage broker showed up on her doorstep unannounced, pitching a stress-free refinance."
According to the story, this woman has fallen into every one of a long series of pitfalls that lie in wait for those who took out subprime loans. If you want to read a real-life horror story, check out Our Lot: How Real Estate Came to Own Us, by Alyssa Katz. She tells the whole story of the subprime catastrophe.