Endless foreclosure nightmare

Posted by Al Lewis on July 23, 2010
Housing

America’s foreclosures crisis could last another 15 years for Nancy Swong.

Swong, who used to work as a compliance officer for Citigroup, is stuck in a foreclosure nightmare after being victimized by a shady developer and losing her job.

She hasn’t paid her mortgage in a year and a half, but her real estate nightmare is so horrible, her lender, Wells Fargo Bank, doesn’t appear to want to foreclose on her, only to become trapped in the nightmare, itself.

Click here to read my coliumn about Swong.