7 Foreclosure Horror Stories (And One Possible Win)

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http://www.alternet.org/story/155344/7_foreclosure_horror_stories_%28and_one_possible_win%29/

This week, Christine Frazer and her family were thrown out of the Atlanta home they'd lived in for 18 years, at gunpoint in the dead of night.

They were not set upon by robbers, but by the Dekalb County Sheriff's department, which evicted the family at the request of Investors One Corporation. As Steven Rosenfeld reported for AlterNet, it was the fourth company to buy the family's mortgage in eight months.

The Frazers' eviction is horrifying, but sadly their story is all too common. Senator Sherrod Brown, who's introduced legislation aiming to curtail the worst practices, called it “a longstanding ugly pattern of homeowner abuse.”

"You can basically throw a dart off a building and hit someone with a foreclosure horror story,” said Matt Browner Hamlin of Occupy Our Homes. “This is the whole point -- that the crisis is being driven by fraud and criminality by the banks. Three million people didn't wake up one morning and decide to just stop paying their mortgages."

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1. Thanks for ruining my day

I should not have read that. I am so angry now.
Simple solution: if a foreclosed home is sold by the bank for $x the home owner should have the right to re-purchase the house for $x.
The story in Rochester where Freddy Mac swoops in and purchases the house for $500 but the bank would no work with the home owner before the foreclosure is so frustrating.