The crisis hits home. And it hasn’t even hit its peak yet. What it all means for Santa Cruz County.
Dorothy Laird is not your typical sub-prime borrower fighting foreclosure. Part owner of a legal-medical professional support business in San Jose that was doing well until a few years ago, and owner of two properties other than her primary home in Boulder Creek, Laird considers herself business savvy, detail oriented and responsible.
This is why Laird, 62, married with a grown son and a history of “fairly affluent income,” was outraged by how she was treated by Chase Bank, and is outspoken about what she describes as “intentional delay and just plain malfeasance” in the processing of her loan modification application to forestall the foreclosure she knew might be coming.