Easy money

March 2005
Planning;Mar2005, Vol. 71 Issue 3, p39
Trade Publication
The article discusses the issues related to lending and foreclosures referring to the book "American Nightmare: Predatory Lending and the Foreclosure of the American Dream," by journalist Richard Lord. He gives a lively account of what happens to unwary borrowers and, to some extent, their neighborhoods when they agree to "debt consolidation," "rent to own," and other schemes that often lead to foreclosure, bankruptcy, or both. Lord focuses on western Pennsylvania, where he has reported on this issue for years.


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