Hundreds of Homeowners Bring the Foreclosure Crisis to Fed’s Front Door

April 14, 2008

Hundreds of Homeowners Bring the Foreclosure Crisis to Fed’s Front Door

Every day 8,000 new families fall victim to the foreclosure epidemic
resulting from the sharp rise in predatory mortgage lending practices.
Paulette Colemon, a homeowner facing foreclosure from Champaign, Illinois,
described the nightmare of foreclosure, “It’s hard to buy groceries for my
five kids and grandson. I’ve gotten behind on other payments, like the
water bill. They shut off the water at our house earlier this week.” She
concluded, “When I bought a house I thought I would live out the American
dream.”

Hundreds of Homeowners Bring the Foreclosure Crisis to Fed’s Front Door

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/
www/story/04-14-2008/0004791742&EDATE=


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