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Foreclosures Founded on Fraud?
By Martha Bebinger
Listen to story (Real Audio)
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Foreclosure rates are rising in Boston and other urban areas of Mass. |
BOSTON, Mass. - January 10, 2007 - A yellow two family home that sits high on a corner lot in Dorchester is going on the auction block next week. Frances Darden, who bought the house two years ago, can no longer afford the mortgage payments. In fact, she never could.
Darden's story is one of deception and, in this case, alleged fraud that foreclosure counselors say is driving up foreclosure rates in Boston and other urban areas.
WBUR's Martha Bebinger has more on the story.
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