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November 6th, 2010

I have never seen a foreclosure story presented like this!

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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:

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One Response to “I have never seen a foreclosure story presented like this!”

  1. Tweets that mention I have never seen a foreclosure story presented like this! | HSH Financial News Blog -- Topsy.com Says: November 6th, 2010 at 1:47 pm

    [...] This post was mentioned on Twitter by Lauren Young, HSH Associates. HSH Associates said: New blog post: I have never seen a foreclosure story presented like this! http://ow.ly/19Q0So [...]

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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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