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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. (www.propublica.org)

submitted 11 hours ago by Pro@reddthat.com to c/news@reddthat.com

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Foreclosures Focused in Maine: Since March, the USDA has filed 56 foreclosures in the federal court system against properties purchased with a rural development mortgage. All but one were in Maine.

USDA Delayed Action: The Maine borrowers have been in default for an average of nearly nine years, racking up more debt because of the interest and fees that piled up in intervening years.

National Problem: About 20% of USDA Section 502 direct loans across the nation were delinquent as of March, according to internal agency data.

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