Legal Aid Society Seeks Funds From City; Agency Defends the Poor Against Predatory Lenders

Summary


The 84-year-old woman living on the south side owned her home free and clear.

Then one day a man knocked on her door and said her roof was in terrible shape, and she needed new siding. She didn't have the $25,000 the repairs would cost, but the man explained how she could borrow against her equity in the house.

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Extract


Legal Aid Society Seeks Funds From City; Agency Defends the Poor Against Predatory Lenders

She signed on the dotted line.

But the work was inadequate. And when the woman missed a payment on the bill, foreclosure proceedings were filed agains...

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