10 Outrageous Foreclosure Stories

Foreclosures have skyrocketed virtually every month since the collapse of the housing market. Across the country, people who bought homes at inflated prices and took adjustable rate mortgages are losing the properties to foreclosure in record numbers as home values decline. (To put the sheer quantity into context, consider this: foreclosures are reported to have “fallen slightly” during August, according to the Washington Post, because there were “only” 358,471 foreclosure filings nationwide during that month. That’s an 18% increase from August 2008!) However, not every story follows the typical “homeowner borrowed too much, homeowner loses home” formula. The stories below run the gamut from weird to tragic to outrageous, capturing some of the less common events on today’s foreclosure scene.

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