Today’s lead letter to the editor in the Washington Post paints a clearer picture of the foreclosure crisis than an article that appeared on the front page over the weekend.
“The March 4 front-page article ‘We don’t believe in living for free’ told of a Prince George’s County couple fighting eviction from their home of five years even though they had never paid any money on their mortgage. While fascinating, the article did not reveal the true face of foreclosure in the county, and it was a disservice to readers who want to understand the situation,” wrote Vicki King Taitano, director of Maryland Legal Aid’s Foreclosure Legal Assistance Project.
“The reality of foreclosure in Prince George’s is this: People were aggressively pursued by mortgage brokers, who in turn received bonuses from banks for selling consumers high-interest loans,” Taitano continued. “The foreclosure crisis is not the result of speculation by people such as Keith and Janet Ritter, the focus of the article.”
To read the entire letter, click here.