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The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home (Kindle Single)
 
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The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home (Kindle Single) [Kindle Edition]

Paul Kiel , Olga Pierce , Cora Currier
4.3 out of 5 stars  See all reviews (19 customer reviews)

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Book Description

ProPublica’s mesmerizing and groundbreaking look at the national housing crisis, told through the lens of one woman whose story came to exemplify it

Sheila Ramos’s story mirrors the lives of millions of Americans who have lost their homes since the beginning of the housing crisis in 2007. The Great American Foreclosure Story details with clarity and empathy the road that led Ramos and so many like her toward financial ruin. Once the owner of a small business and a home, Ramos fell on hard times. Predatory lending and denied loan-modification applications eventually sent her and her three grandchildren packing, leaving behind their house in Florida and winding up in a tent outside of Ramos’s faraway hometown.

Alongside Ramos’s story are additional investigations by ProPublica reporter Paul Kiel and his colleagues Olga Pierce and Cora Currier documenting the systematic failures at banks, mortgage servicers, and government watchdogs that have exacerbated the country’s most severe foreclosure crisis since the Great Depression. Drawing from whistleblower testimonies, extensive homeowner databases, and a trove of underlying data, The Great American Foreclosure Story is a comprehensive and unrivaled look at the housing crisis, and its continuing human toll.


Product Details

  • File Size: 683 KB
  • Print Length: 88 pages
  • Publisher: ProPublica (April 10, 2012)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B007RQMV5W
  • Text-to-Speech: Enabled
  • X-Ray: Not Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #57,677 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.3 out of 5 stars
(19)
4.3 out of 5 stars
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Most Helpful Customer Reviews
10 of 10 people found the following review helpful
4.0 out of 5 stars Real stories, useful information. April 18, 2012
Format:Kindle Edition
The American foreclosure Story by Paul Kiel was a real surprise! This book is small but well worth your time. It is a short history of the foreclosure crisis, but all the important parts are covered. I put off reading it at first because I felt it would be depressing, but it was a story I knew I needed to read to acquaint myself with the facts. In our new world, where neither the banks nor government can be trusted, knowledge is power. In these troubled times; fore warned is fore armed.
What surprised me was this was not a thick tomb that went on endlessly about VICTIMS; these stories were about winners who lost in a rigged game, but never let themselves be crushed by it.
It begins with Sheila Ramos, whose story you will never forget. Her problems start with a car accident and build over several years where she goes from owning her own business and home outright, to living in a tent with her grandchildren, her ancient mother, her partner, David and his aging, retired brother.
This is a woman whose tenacity you can't help but admire and her personality gives this story the spine that keeps it from being just another sorry tale of injustice. The tight writing style cuts to the chase in every instance and if you want more it is loaded with links.
These people all made some mistakes, mainly by letting themselves be taken advantage of by unscrupulous lenders and trusting the system that fleeced them. They tell their stories honestly as a warning to the rest of us about when and where to be careful. Some of the old laws have been changed, too many haven't.
This little book is an excellent guide if you are facing a foreclosure or are just uneasy in a world where your home ownership doesn't feel as secure as it use too.
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6 of 6 people found the following review helpful
Format:Kindle Edition
Kiel knocked it out of the park with this one: he not only tells a compelling story about a single borrower, but at the same time zooms out to show how she's entirely representative of much larger problems with the US mortgage system. Those problems haven't been fixed, and you need to understand them before you can think about putting together a solution. Reading this book will give you all the understanding you need. So do it.
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5 of 5 people found the following review helpful
Format:Kindle Edition
Great job by Kiel of capturing the mess that is the US housing market via the story of one woman's experience with the system. There have been a lot of pieces on what caused the collapse, but very few on why, exactly, it's been so hard to remedy. That's where this book shines, demonstrating not just how things were broken, but the systemic forces that have kept homeowners, the mortgage industry, and the government from fixing them.
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Most Recent Customer Reviews
5.0 out of 5 stars Very true and enlightening to my own situation.
It was a relief to read what I had been going through with my mortgage company was more or less typical. Read more
Published 17 days ago by Carolyn Jean Watson
5.0 out of 5 stars THIS STORY IS ABOUT A WORST CASE SCENARIO
Before robosigning was discovered to be rampant, lenders routine lied and schemed to take advantage of people like they did in this well written book. Read more
Published 1 month ago by OBWONdotNET
5.0 out of 5 stars Excellent
Kudos to Pro Publica for putting this story together. The book uses the story of a subprime borrower to piece together what really took place during the foreclosure crisis. Read more
Published 1 month ago by A. Mcfarlane
4.0 out of 5 stars Interesting.
The book gave technical data and also individual stories. It kept my interest. Not all stories turned out well for the people involved.
Published 2 months ago by ryndam1
5.0 out of 5 stars This is an essential read for every adult in the USA
I bought this book because I believed the news I followed on TV, the internet, and in the newspapers was incomplete. Read more
Published 4 months ago by George A. Mchugh
4.0 out of 5 stars Nobody was prepared for this...
Just like the initial reports immediately following a natural disaster, we are in the early stages of evaluating the actual impact and the extent of the housing crisis. Read more
Published 4 months ago by Fernando Velez
4.0 out of 5 stars The financial situation
I keep going back and reading info even not actually finished with it. Looks like more people should let the world know who the crooks are and how to avoid.
Published 5 months ago by Robert L. Ritchey
5.0 out of 5 stars Nice to know about the waste of time and money
Very good break down of what went wrong with all the American Forclosures. We still have not solved the problems that still face the American people who lost their homes. Read more
Published 7 months ago by Bobby J. Murphy
5.0 out of 5 stars VIVID DETAIL
The Great American Foreclosure Story was a riveting account of one woman's story with America's collective foreclosure story as the back drop. Read more
Published 7 months ago by Book Smart
4.0 out of 5 stars Good Book, quite an education.
This book was an excellent, easy-to-understand explanation of the factors that created the present day real estate situation. Read more
Published 9 months ago by Catherine Lay
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