Weird Housing Tales, Part 23
From my favorite real estate writer, Mary Umberger, in the Chicago Tribune yesterday:
A Los Angeles couple and three others have been charged with torturing two employees of a loan modification company.
According to published reports, prosecutors say the couple and three others lured the loan agents into their Glendale, Calif., home, held them for hours, robbed them, threatened them with a gun and beat them. One of the agents escaped and alerted police.
The couple, whose home is in foreclosure, allegedly plotted the attack because they had paid the loan agents to help save their home and believed the agents had done nothing on their behalf.
Wonder if the real reason they’re teed-off is because they belonged to that group of Los Angeles residents who during the housing bubble actually believed home prices were going to appreciate 20% year-over-year.
Sources:
“Debt-loving CEOs bring affinity home”
Mary Umberger
Chicago Tribune, November 8, 2009
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