Bancroft
Bancroft, ME · Real Estate
The Maine Monitor
The USDA wouldn’t let her give up her house when she couldn’t pay her mortgage. Instead, it crushed her with debt.
This article was produced for ProPublica’s Local Reporting Network in partnership with the Bangor Daily News. This story appears as part of a collaboration between The Maine Monitor and Maine Focus, the investigative team of the Bangor Daily News, a partnership to strengthen investigative journalism in Maine. You can show your support for this effort with a donation to The Monitor. Read more about the partnership.
Bangor Daily News
The USDA wouldn’t let her give up her house when she couldn’t pay her mortgage. Instead, it crushed her with debt.
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 debt before the agency moved to take the homes.
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