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ProPublica
@ProPublica@newsie.social  ·  activity timestamp 3 months ago

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.
https://www.propublica.org/article/usda-maine-foreclosures-rural-homeowners?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post

#News#Maine#Rural#Housing#Home#Debt#Poverty#USDA

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