I have never seen a foreclosure story presented like this!
by Tim Manni
We hear a lot of first-hand foreclosure stories from our readers. But the Youtube video I saw yesterday takes the cake for the most, how do I say this, unique presentation of a foreclosure story yet.
“Mom Raps About Foreclosure” is a five minute video about, well, a 58-year-old woman rapping about her foreclosure. Clad in the cliché gold chains, sunglasses, sideways baseball cap and big fake rings, this “hip-hop” track chronicles a low-doc ARM loan, the inability to refinance it once the reset came along, a failed modification, and it even delves into the complex world of securitization and MERS.
To be honest, her story is explained quite well (her extremely slow rapping style allows for easy comprehension). When all is said — or should I say rapped — and done, the story doesn’t end well for Foreclosure Mom, just as it hasn’t for millions in this country. Her foreclosure notice arrives before her trial modification even concludes.
The comments under Foreclosure Mom’s video are that of criticism and sympathy. You be the judge:
