Ex-HUD Official Gets Unwittingly Snagged In Real Estate Scam

In Denver, Colorado, the Rocky Mountain News reports:

• You would be hard-pressed to find someone more knowledgeable about foreclosures than Kevin Marchman. The Denver resident is a former top official at the Department of Housing and Urban Development, led the Denver Housing Authority for four years and heads a Washington, D.C., based nonprofit group, the National Organization of African Americans in Housing.

• That agency serves as an advocate for affordable housing and for cracking down on "shady lending practices that have burned many of the nations riskiest subprime borrowers." Yet, Marchman, and his wife, Desiree, got caught up in a foreclosure action. "I feel like I have an obligation to talk openly about this," Marchman said. "I want people to read this and think, 'If it can happen to Kevin, it can happen to anybody.' "

To read what happened, see Expert snagged in subprime trap.