Many already owed hundreds of thousands of dollars by the time the USDA filed for foreclosure because it waited years to ...
Add Yahoo as a preferred source to see more of our stories on Google. Nearly all of the foreclosures filed by the USDA in recent months have targeted Maine’s poorest rural residents. (Photo ...
Add Yahoo as a preferred source to see more of our stories on Google. Nearly all of the foreclosures filed by the USDA in recent months have targeted Maine’s poorest rural residents. (Photo ...
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 ...
USDA guidance says the agency should act quickly when borrowers fall behind on payments “to minimize any potential loss to the Government and to the borrower.” A prompt sale keeps the government from ...